At the end of its first year, the trial balance of Riko Company shows Equipment $20,590 and zero balances in Accumulated Depreciation–Equipment and Depreciation Expense. Depreciation for the year is estimated to be $3,333. Prepare the adjusting entry for depreciation at December 31, and by posting the adjustments to T accounts indicate the balance sheet presentation of the equipment at December 31.

Question

At the end of its first year, the trial balance of Riko Company shows Equipment $20,590 and zero balances in Accumulated Depreciation–Equipment and Depreciation Expense. Depreciation for the year is estimated to be $3,333. Prepare the adjusting entry for depreciation at December 31, and by posting the adjustments to T accounts indicate the balance sheet presentation of the equipment at December 31.  
plzz help

Fariborz · Answer

Dep. Expense--Equipment 3,333 Accumulated Dep.--Equip 3,333

jimmy · Answer

ty alot !!now i get it i thought u take 3333/12.