what-is-the-correct-journal-entry-for-recording-the-depreciation-of-office-furni

Question

What is the correct journal entry for recording the depreciation of office furniture with an annual depreciation expense of $2,000?

Accepted Answer

Debit Depreciation Expense $$2,000; Credit Accumulated Depreciation 2$$,000

Answer

Debit Accumulated Depreciation $$2,000; Credit Depreciation Expense 2$$,000

Answer

Debit Cash $$2,000; Credit Office Furniture 2$$,000

Answer

Debit Office Furniture $$2,000; Credit Cash 2$$,000

What is the correct journal entry for recording the depreciation of office furniture with an annual depreciation expense of \$2,000?