1	Review the unadjusted trial balance on the following page.
2	Record the following adjusting entries in the worksheet
		Write off $5,000 in accounts receivable
		Record bad debt expense, estimated as 1.60% of revenue
		Ending supplies inventory, is $4,800
		Record $15,000 in depreciation expense
		Record $39,900 in interest expense
		DPS declared and paid $10,000 in dividends
3	A $21,000 principal payment against the note payable is due on 6/30/2019.
4	Prepare a multistep income statement, a statement of owners' equity, and a classified balance sheet in the labeled tabs.
5	You are concerned about Del Paso's lack of profitability. What are they doing wrong? How could you, as their accountant help them survive?
6	If they bought all the PP&E and the same time and assume no salvage, how many years did they think it would last?
7	Prepare the closing entries.
Instructions:		Complete item 2. in the worksheet.
		Answer questions 5 and 6; and record the closing entries below: