Bertram Company failed to record depreciation expense in 2024. The journal entry to correct the error in 2025 will include O a debit to Retained Earnings and a credit to Accumulated Depreciation. O a debit to Depreciation Expense and a credit to Accumulated Depreciation. O credits to both Retained Earnings and Accumulated Depreciation. O no entry is necessary because the books for 2024 have been closed.
Bertram Company failed to record depreciation expense in 2024. The journal entry to correct the error in 2025 will include O a debit to Retained Earnings and a credit to Accumulated Depreciation. O a debit to Depreciation Expense and a credit to Accumulated Depreciation. O credits to both Retained Earnings and Accumulated Depreciation. O no entry is necessary because the books for 2024 have been closed.
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:Bertram Company failed to record depreciation expense in 2024. The journal entry to correct the error in 2025 will include
O a debit to Retained Earnings and a credit to Accumulated Depreciation.
O a debit to Depreciation Expense and a credit to Accumulated Depreciation.
O credits to both Retained Earnings and Accumulated Depreciation.
O no entry is necessary because the books for 2024 have been closed.
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