ADJUSTING JOURNAL ENTRIES FOR A MANUFACTURING BUSINESS Prepare the December 31 adjusting journal entries for Ortiz Company. Data for the end of the year adjustments are as follows:

Factory overhead to be applied to work in process

ending inventory ....................$7,780

Interest receivable ....................435

Provision for uncollectible accounts ............3,876

Office supplies consumed ................750

Factory supplies consumed ...............4,160

Insurance expired on factory building and equipment ......3,200

Depreciation on factory building ...............6,800

Depreciation on factory equipment ............4,200