Adjustment for Depreciation The estimated amount of depreciation on equipment for the current year is $2,320. Journalize the adjusting entry to record the depreciation. If an amount box does not require an entry, leave it blank.

Fractional reserve banking which of the following statements about fractional reserve banking are correct? check all that apply. fractional reserve banking allows banks to create money through the lending process. fractional reserve banking does not allow banks to hold excess reserves. fractional reserve banking allows banks to create additional wealth by lending some reserves. fractional reserve banking relies on everyone not withdrawing their money at the same time.