Annual depreciation on equipment at Charmed, Inc.is $1,800. The adjusting entry to record one month's worth of depreciation would be:
A) Debit Depreciation Expense $150, credit Cash $150
B) Debit Depreciation Expense $150, credit Accumulated Depreciation $150
C) Debit Depreciation Expense $1,800 credit Cash $1,800
D) Debit Depreciation Expense $1,800, credit Accumulated Depreciation $1,800
Correct Answer:
Verified
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