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Question 23

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Use this information to answer the following question. The trial balance for Sanchez Company appears as follows:
Use this information to answer the following question. The trial balance for Sanchez Company appears as follows:   If the estimated depreciation for office equipment were $200, the adjusting entry would contain a A)  debit to Accumulated Depreciation-Office Equipment for $200. B)  credit to Office Equipment for $200. C)  credit to Accumulated Depreciation-Office Equipment for $200. D)  credit to Depreciation Expense-Office Equipment for $200. If the estimated depreciation for office equipment were $200, the adjusting entry would contain a


A) debit to Accumulated Depreciation-Office Equipment for $200.
B) credit to Office Equipment for $200.
C) credit to Accumulated Depreciation-Office Equipment for $200.
D) credit to Depreciation Expense-Office Equipment for $200.

Correct Answer:

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