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Queenan Company computes depreciation on equipment at $1,000 for the month of June. The adjusting entry to record this depreciation is as follows - Depreciation Expense 1,000 Equipment 1,000- Depreciation Expense 1,000 Accumulated Depreciation Equipment 1,000- Equipment Expense 1,000 Accumulated Depreciation, Equipment 1,000- Depreciation Expense 1,000 Accumulated Depreciation, Queenan Company 1,000

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