2. Journalize the following adjusting entries:

a. Estimated bad debts expense is 3% of Sales of $100.000.

b. Supplies on hand was $2,000. The balance in the Supply account is $6,500.

c. Insurance expense for the year was $1,000. The balance in the Prepaid Expense account is $8,000.

d. Inventory at the end of the year is $94,000. The inventory count is $80,000.

e. Depreciation for the year is $2,000.

f. Prepaid rent applicable to the following year is $24,000. Rent expense account balance is S60.000.

g. Sales salaries accrued was $7.400