Adjustment and additional data:

Acenued $$6,000$ for utilities and $$140,000$ for salaries.

Accrued $$6,200$ of interest on the bank loen.

Recorded annual depreciation on equipment, which has an expected usaful life off eight years.

Carried out a physical inventory and determined that inventory with a cost of $92\mathrm{.}596,000$ was on hend in Retre Production's warahouse. The physical imventory correctly accounted for goods in transit and there were no goods on consignment

After adjusting the inventory to the cost datermined at the count of $92,596,000,$ determined that some of this inventory had a nat ras lizable valua that was $$2,000$ lower than its cost.

Recordad an additional $$112,000$ of income tax payable. amounts, Round answers to $0$ decimal places, ey$.5\mathrm{.}275\mathrm{.}1$

Date Account Titles and Explanation

Dec.

$31$

$($To record utilities experise$)$

$31$

$($To record salatis expense$)$

$31$

$($To record interest expartse$)$

$31$

$[$Tu recond depreciation expen be$)$

$31$

$31$

$($To necurd cost af guods sold$).$

$31$

Debit

Credit