The estimated amount of depreciation on equipment for the current year is $9,650.
journalize the adjusting entry to record the depreciation. refer to the chart of accounts for exact wording of account titles.
chart of accounts
general ledger
assets
11 cash
12 accounts receivable
13 supplies
14 prepaid insurance
15 land
16 equipment
17 accumulated depreciation-equipment
liabilities
21 accounts payable
22 unearned fees
23 salaries payable
24 taxes payable
equity
31 common stock
32 retained earnings
33 dividends