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How to create the t-accounts for each account

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At December 31, the unadjusted trial balance of H&R Tacks reports Equipment of $34,500 and zero balances in Accumulated Depreciation and Depreciation Expense. Depreciation for the period is estimated to be $6,900.

Required:

Question 1: Prepare the adjusting journal entry on December 31.

Question 2: Create the T-accounts for each account, enter the unadjusted balances, post the adjusting journal entry, and report the adjusted balance.

Reference no: EM132646113

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