Question

journal entry worksheet
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depreciation on the companys equipment for the year is computed to be $15,000.
note: enter debits before credits.
transaction general journal debit credit
a.

Explanation:

Step1: Identify the accounts affected

Depreciation expense is debited as it is an expense, and accumulated - depreciation (a contra - asset account) for equipment is credited.

Step2: Record the amounts

Debit depreciation expense for $15,000 and credit accumulated - depreciation - equipment for $15,000.

Answer:

Transaction	General Journal	Debit	Credit
	Accumulated - Depreciation - Equipment		$15,000