1). Accrued Salary at year end. (Co. owed $2000 in salaries and have not paid them as of 12/31/20)

2). Record depreciation for the entire year (not just 1 month) on the equipment (Bought Jan. 1, 2020, 5 yr. life)

3). $1300 worth of supplies were used during the year.

Problem 1 - I will give you the trial balance on a 6 column worksheet. You will have to complete the worksheet (See the adjusting entries I will ask below), prepare an income statement, and prepare the closing entries.