Tim's Electrical Service Purchased Tools for $6,000 $\begin{array}{l|l}\text { Depreciation Expense } & 300 \\\hline \text { Tools } && 300\end{array}$

Multiple Choice

Tim's Electrical Service purchased tools for $6,000.They have an expected life of 20 months and no residual value.The adjusting journal entry for the month is:

A)
$\begin{array}{l|l}\text { Depreciation Expense } & 300 \\\hline \text { Tools } && 300\end{array}$
B)
$\begin{array}{l|l}\text { Depreciation Expense } & 300 \\\hline \text { Accumulated Depreciation } && 300\end{array}$
C)
$$\begin{array} { | c | l | } \hline \text { Accumulated Depreciation } & 300 \\\hline \text { Depreciation Expense } &300\\\hline\end{array}$$
D)
$\begin{array}{l|l}\text { Accumulated Depreciation } & 300 \\\hline \text { Equipment } && 300\end{array}$