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BE3-4 At the end of its first year, the trial balance of Wooster Company shows Equipment $32,000 and zero balances in Accumulated...

BE3-4 At the end of its first year, the trial balance of Wooster Company shows Equipment
$32,000 and zero balances in Accumulated Depreciation—Equipment and Depreciation
Expense. Depreciation for the year is estimated to be $6,000. Prepare the adjusting entry for
depreciation at December 31, post the adjustments to T accounts, and indicate the balance sheet
presentation of the equipment at December 31.

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