20X1			(Adjustment a)
	Dec.	31	Uncollectible accounts expense		4,398.00
			Allowance for doubtful accounts				4,398.00
			To record estimated loss from uncollectible accounts based on 0.6% of net credit sales, $733,000
			(Adjustment b)
		31	Supplies expense		5,500.00
			Supplies				5,500.00
			To record supplies used during the year
			(Adjustment c)
		31	Insurance expense		1,590.00
			Prepaid insurance				1,590.00
			To record expired insurance on 1-year $6,360 policy purchased on Oct. 1
			(Adjustment d)
		31	Depreciation. exp.Store equipment		15,100.00
			Accum. depreciationStore equip.				15,100.00
			To record depreciation
			(Adjustment e)
		31	Salaries expenseoffice		3,600.00
			Salaries payable				3,600.00
			To record accrued salaries for Dec. 2931
			(Adjustment f)
		31	Payroll taxes expense		275.40
			Social security tax payable				223.20
			Medicare tax payable				52.20
			To record accrued payroll taxes on accrued salaries: social security, 6.2% 3,600 = $223.20; Medicare, 1.45% 3,600 = $52.20
			(Adjustment g)
		31	Interest expense		420.00
			Interest payable				420.00
			To record accrued interest on a 4-month, 6% trade note payable dated Oct. 1: $28,000 0.06 3/12 = $420.00
			(Adjustment h)
		31	Interest receivable		552.00
			Interest income				552.00
			To record interest earned on 9-month, 12% note receivable dated July 1: $9,200 0.12 6/12 = $552.00

Note: Enter debits before credits.

1ST Record the first reversing entry required

2ND RECORD THE SECOND REVERSING ENRTY

3RD RECORD THE SECOND REVERSING ENRTY

4TH RECORD THE SECOND REVERSING ENRTY

Date	General Journal	Debit	Credit
Jan 01, 20X2