Adjusting Journal Entries: 1A Record depreciation expense on building [tab 4). 18 Accord depreciation expense on furniture (tab 4). 1C Record depreciation expense on equipment (ab 4). 2 Record inventory adjustments Itab M4 Record accrued wlaries (tab $1. Salaries Expense Payroll Tax Payable - Employee Federal Income Tax Payable 401k Payable Salaries Payable 10 Record accrued payroll taxes (tab d Payroll Tax Expense Payroll Tax Payable - Employer 4 Record accrued interest on notes receivable (tab 7). " Record interest on long-term notes payable. Interest only is paid annually at 6% rate & Record supplies used. Supplies on hand December 31 is $ 500. 7 Record expired advertising, Prepaid advertising of $24,000 was for ] years. One year