Your answer is partially correct. At the end of its first year, a tabular summary...
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Accounting
Your answer is partially correct.
At the end of its first year, a tabular summary of transactions for Wildhorse Company before adjustments include the following selected account information.
Depreciation for the year is estimated to be $ Record the adjustment for depreciation in the tabular summary and indicate the adjusted balance in each account.
Decreases in assets, liabilities, or stockholders' equity require a negative sign or parentheses.
Increases in expenses require a negative sign or parentheses.
Increases in Accumulated Depreciation require a negative sign or parentheses.
Dec.
Adj. Bal.
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