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The trial balance for Greenway Corporation appears as follows: Greenway Corporation

The trial balance for Greenway Corporation appears as follows: Greenway Corporation Trial Balance December 31, 2017 Cash $ 300 Accounts Receivable 522 Prepaid Insurance Supplies Equipment Accumulated Deprediaion, Equipment Accounts Pavable 82 180 4,000 S 600 384 Common Stock 1,200 1,400 3.000 Retained Eamings Service Revenue Salaries and Wages Expense Rent Expense 1,000 500 $6.584 $6.584 If the estimated depreciation for equipment were $600, the adjusting entry would contain a: 1) credit to Accumulated Depreciation, Equipment for $600. 2) credit to Depreciation Expense. Equipment for $600. 3) debit to Accumulated Depreciation, Equipment for $600. 4) credit to Equipment for $600

Feb 06 2020 View more View Less

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