A 1) D E F G H A one year insurance policy was purchased on March 31 for a premium of $12,000. In the space below show your calculations to receive full credit. Complete the required year-end (December 31, 2026) adjusting entry below. 1 2 Account description Debit Credit 3 insurance expense $ 2,500 14,500-12,000 4 Prepaid expense $ 2,500 S 16 Post the above entry to the trial balance in the adjustment columns. 17 18 19 2) The company's employees are paid weekly and it is open for business Monday through Friday each week. The employees have been paid through Friday December 19. The total payroll for all employees is $750 per day and they are paid for all holidays occuring during the work week. In the space below show your calculation of the amount due to receive full credit. Record the adjustment to accrue the salary expense through December 31 (ignore the effect of any related payroll taxes). The employees will be paid next on Friday, January 2, 2026. 20 Salary expense Account description Salaries payable e Debit Credit Post the above entry to the trial balance in the adjustment columns. 3) The company takes a physical inventory count at the end of the year and adjusts their inventory and cost of goods sold if there is a difference between the inventory value determined from the actual count compared to the value in the general ledger. The information below includes the number of units counted in inventory at the end of the year and the purchases of inventory during the month. Number of units held in the company's inventory at 12/31/2026 based on a count of the inventory was 18,841 units. A listing of purchases during the month of December are as follows: . Date Quantity Purchased Unit Cost Total Cost December 4, 2026 14,500 $ 4.00 $ 58,000 December 14, 2026 2,200 $ 4.10 $ 9,020 December 21, 2026 2,211 $ 5.00 $ 11.055 The company uses FIFO to account for its inventory cost. What is the cost of the company's ending inventory (round answer to nearest dollar and show your calculation below for full credit)? B 0 #1 The balance in inventory per the unadjusted trial balance before making any adjustments is: What is the amount of the December 31 adjustment to inventory cost (show your calculation below for full credit)? Complete below the adjusting journal entry necessary for inventory: Account description Inventory Debit Credit 78.075 12 34 35 36 37 397 *** 4) Post the above entry to the trial balance in the adjustment columns. The company has estimated, based on historical information, that 4.5% of its accounts receivable will ultimately not be collected. Therefore, they provide an allowance for bad debts at that level. 38 Calculate the appropriate amount for the allowance at December 31, 2026. 4) The company has estimated, based on historical information, that 4.5% of its accounts receivable will ultimately not be collected. Therefore, they provide an allowance for bad debts at that level. . Calculate the appropriate amount for the allowance at December 31, 2026. 9 Accounts receivable balance per the unadjusted trial balance $ 42,400 144 Estimated allowance amount (Round answer to the nearest dollar and show your calculation below for full credit) 45 46 47 Amount of adjustment needed to the allowance account (Show your calculation below to receive full credit). 48 49