Final answer:
The balance sheet column will report a new accumulated depreciation balance of $15,000 after a $5,000 depreciation expense is recorded, increasing the original $10,000 credit balance.
Step-by-step explanation:
If Kateman & Mays Repair Shop has a $10,000 accumulated depreciation credit balance and an adjusting entry records an additional $5,000 of depreciation expense, the balance sheet column of the accounting worksheet will report a new accumulated depreciation balance of $15,000.
This is because the $5,000 of depreciation expense increases the accumulated depreciation account balance. When recording depreciation, the journal entry includes a debit to depreciation expense and a credit to accumulated depreciation.
As it is a contra-asset account, accumulated depreciation reduces the book value of the assets it is associated with, but it will have a credit balance on the balance sheet. In this case, an additional credit of $5,000 brings the accumulated depreciation from $10,000 to $15,000.