1. Accounts of Unnamed Company at December 31, 2017:

Accounts Payable $ 51,200

Accounts Receivable 73,000

Accumulated Depreciation - PPE 282,000

Allowance for Uncollectible Accounts Receivable 3,300

Allowance for Uncollectible Notes Receivable 2,100

Bonds Payable 330,000

Capital Stock 400,000

Cash 48,000

Depreciation Expense 64,000

Discount on Bonds Payable 3,000

Dividends 12,000

Dividends Payable 3,000

Insurance Expense 37,000

Interest Revenue 4,300

Merchandise Inventory (1/1) 14,500

Miscellaneous Expense 5,600

Mortgage Payable 230,000

Notes Payable 143,000

Notes Receivable 79,000

Paid-in Capital in Excess of Par 200,000

Purchases 108,000

Property, Plant and Equipment 1,530,000

Retained Earnings 70,000

Sales Returns and Allowances 5,000 Sales

Revenue 394,500

Supplies Inventory 7,300

Wages Expense 127,000

Prepare an Unadjusted Trial Balance with these accounts using their natural balances in the first pair of columns on your worksheet, one labeled debit and the other labeled credit. Accounts should appear in the following order: Assets with contra-assets, from current to long-term, then Liabilities with contra-liabilities, from current to long-term, then permanent (or real) Equity accounts, then temporary (or nominal) accounts (mostly expenses and revenues).

After the company's trial balance was prepared, some adjustments were identified. Post these adjusting entries in the next set of two columns. The adjustments may require adding new accounts out of order at the bottom of the worksheet.

a. A patent had been purchased for $5,000 by issuing a Note Payable on December 23. Neither the patent nor the note had been posted yet.

b. A review of the insurance policy indicates that $7,000 of the insurance already paid for covers the following fiscal year.

c. Wages of $8,000 had been earned by employees but not paid by December 31.

d. Sales Revenue includes $11,500 that had been received from a customer to pay for goods that will not be delivered until January 15.

e. A count of the supplies inventory shows that only $1,000 of supplies remains at the end of the year.