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At December 31, the unadjusted trial balance of H&R Tacks reports Software of $33,500 and...

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Accounting

At December 31, the unadjusted trial balance of H&R Tacks reports Software of $33,500 and and zero balances in Accumulated Amortization and Amortization Expense. Amortization for the period is estimated to be $6,700.

How do you prepare the adjusting journal entry on December 31?

How do you prepare the T-accounts for each account, enter the unadjusted balances, post the adjusting journal entry, and report the adjusted balance?

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