During 20X4 Laplante Manufacturing Company discovered that in
20X3 they had neglected to record depreciation expense of $12,500
on certain machinery. What journal entry would they make in 20X4?
(ignore income tax effects)
| A | Office equipment | 12,500 | |
| Accumulated depreciation | 12,500 | ||
| B | Retained earnings | 12,500 | |
| Accumulated depreciation | 12,500 | ||
| C | Depreciation expense | 12,500 | |
| Accumulated depreciation | 12,500 | ||
| D | Accumulated depreciation | 12,500 | |
| Retained earnings | 12,500 |
During 20X4 Laplante Manufacturing Company discovered that in 20X3 they had neglected to record depreciation expense...
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