The adjusting entry for the Software of Northland Physical Therapy is as follows:
Adjusting Journal Entry:
December 31, 2018:
Debit Amortization Expense $3
Credit Accumulated Amortization $3
- To record the amortization expense for the year.
What is an Adjusting Entry:
An adjusting entry for Amortization records the amortization expense for the period, which is debited. It also credits the Accumulated Amortization, increasing the amount of the amortization expense.
For instance, the Amortization Expense for Northland Physical Therapy's Software is recorded as above.
Learn more about adjusting entries at https://brainly.com/question/13035559
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