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Sagot :
The entry will include Depreciation Expenses for $1,750 and Accumulated Depreciation for $1,750
Here, we are to first calculate the Depreciation expenses while observing that the date runs for 1 month (From December 2 - December 31).
The depreciation expense will equals Annual depreciation of computer * 1/12
Depreciation expense = $3,000 * 1/12
Depreciation expense = $250
The adjusting entry will entails:
Date   Account titles and explanation       Debit   Credit
31 Dec  Depreciation expenses             $250
          Accumulated depreciation               $250
      (Entry to record depreciation expenses)
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