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36. Stone Container Company purchased equipment for her company purchased equipment for $7,200 on December...

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Accounting

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36. Stone Container Company purchased equipment for her company purchased equipment for $7,200 on December 1. It is estimated annual depreciation on the equipment will be $1,800. If financial statements are to be prepared on December 31, the company should make the following adjusung a. Debit Depreciation Expense, $1,800: Credit Accumulated Depreciation, $1,800. O Debit Depreciation Expense. $150: Credit Accumulated Depreciation, $150. C. Debit Depreciation Expense. $5.400: Credit Accumulated Depreciation, 55,400. d. Debit Equipment, $ 7,200; Credit Accumulated Depreciation, $7,200

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