Adjustment for Depreciation The estimated amount of depreciation on equipment for the current year is $6,690....

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Answer 1

Answer #1

Adjusting journal entry to record the depreciation expenses for the current year

Account Titles and Explanation	Debit ($)	Credit ($)

Depreciation Expense A/c	6,690
Accumulated Depreciation - Equipment		6,690
[The adjusting journal entry passed to record the depreciation expenses for the current year for $6,690]

Answer 2

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