Pine Corporation makes adjusting entries monthly. Property, Plant, and Equipment depreciates at a rate of $9,000 per month. No entry for depreciation has been recorded in the month of March. What adjusting entry is necessary at March 31?
D) Depreciation Expense 9,000 Property, Plant & Equipment 9,000

Question

Quizplus · Accepted Answer

The adjusting entry that is necessary at March 31 is Depreciation Expense 9,000 Accumulated Depreciation 9,000 to record the monthly depreciation expense and update the accumulated depreciation account.

Pine Corporation Makes Adjusting Entries Monthly