Annual depreciation on equipment at Charmed,Inc.is $1,200.The adjusting entry to record one month's worth of depreciation would be:
A) Debit Depreciation Expense $100,credit Cash $100
B) Debit Depreciation Expense $100,credit Accumulated Depreciation $100
C) Debit Depreciation Expense $1,200,credit Cash $1,200
D) Debit Depreciation Expense $1,200,credit Accumulated Depreciation $1,200
Correct Answer:
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