The trial balance for Greenway Corporation appears as follows: If the estimated depreciation for equipment were $800, the adjusting entry would contain a:
A) credit to Accumulated Depreciation, Equipment for $800.
B) credit to Depreciation Expense, Equipment for $800.
C) debit to Accumulated Depreciation, Equipment for $800.
D) credit to Equipment for $800.

Question

The trial balance for Greenway Corporation appears as follows:  If the estimated depreciation for equipment were $800, the adjusting entry would contain a:
A) credit to Accumulated Depreciation, Equipment for $800. 
B) credit to Depreciation Expense, Equipment for $800. 
C) debit to Accumulated Depreciation, Equipment for $800. 
D) credit to Equipment for $800.

Quizplus · Accepted Answer

The Answer of The trial balance for Greenway Corporation appears as follows:  If the estimated depreciation for equipment were $800, the adjusting entry would contain a:
A) credit to Accumulated Depreciation, Equipment for $800. 
B) credit to Depreciation Expense, Equipment for $800. 
C) debit to Accumulated Depreciation, Equipment for $800. 
D) credit to Equipment for $800.

The Trial Balance for Greenway Corporation Appears as Follows