A Company Records an Adjusting Journal Entry to Record $10,000

Multiple Choice

A company records an adjusting journal entry to record $10,000 depreciation expense. Which of the following describes the entry?

A) Debit Property Plant and Equipment and Credit Depreciation expense
B) Debit Depreciation expense and Credit Property Plant and Equipment
C) Debit Property Plant and Equipment and Credit Cash
D) Debit Depreciation expense and Credit Cash
E) Debit Net Income and Credit Property Plant and Equipment