Mark's Tree Service depreciation for the month is $600.The adjusting journal entry is:
A) $\begin{array}{|l|lcc|}
\hline \text {Equipment } & 600 \
\hline\quad\quad\quad \quad\quad\text { Accumulated Depreciation } &\quad\quad\quad\quad\quad\quad600\
\hline
\end{array}$

B) $$\begin{array} { | c | l | }
\hline \text { Depreciation Expense } & 600 \
\hline \text { Accumulated Depreciation } & 600 \
\hline
\end{array}$$
C) $$\begin{array} { | l | l | }
\hline \text { Depreciation Expense } & 600 \
\hline \text { Equipment } & 600 \
\hline
\end{array}$$
D) $$\begin{array} { | c | l | }
\hline \text { Accumulated Depreciation } & 600 \
\hline \text { Depreciation Expense } & 600 \
\hline
\end{array}$$

Question

Mark's Tree Service depreciation for the month is $600.The adjusting journal entry is:
A) $\begin{array}{|l|lcc|}
\hline   \text {Equipment  } & 600 \
\hline\quad\quad\quad  \quad\quad\text { Accumulated Depreciation } &\quad\quad\quad\quad\quad\quad600\
\hline 
\end{array}$

B) $$\begin{array} { | c | l | } 
\hline \text { Depreciation Expense } & 600 \
\hline \text { Accumulated Depreciation } & 600 \
\hline
\end{array}$$
C) $$\begin{array} { | l | l | } 
\hline \text { Depreciation Expense } & 600 \
\hline \text { Equipment } & 600 \
\hline
\end{array}$$
D) $$\begin{array} { | c | l | } 
\hline \text { Accumulated Depreciation } & 600 \
\hline \text { Depreciation Expense } & 600 \
\hline
\end{array}$$

Quizplus · Accepted Answer

The adjusting entry for depreciation should increase the depreciation expense account and decrease the accumulated depreciation account by the same amount. Choice B correctly reflects this with Depreciation Expense debited for $600 and Accumulated Depreciation credited for $600.