1. Based on the following information, journalize the adjusting entries in the Unadjusted Trial balance and prepare an Adjusted Trial Balance as of December 31, of the current year:

- accured sales revenue, $2,000

-prepaid insurance expired during the year, $4,000

-accrued Salaries for a 2-day period ending Dec 31^st. Salaries of $1,500 are typically paid weekly for a 5-day work week.

-accrued Interest expense for the 5yr, 3% Long Term Note Payable from the Bank.

-a count of supplies showed $5,000 left on hand.

unadjusted trial balance (12/31/19):

	Dr	Cr
Cash	75,705
Accounts Receivable	1,300
Inventory	9,075
Prepaid Insurance	7,000	-
Supplies	9,750	-
Note Receivable
Building	240,000	-
Office Equipment	9,000	-
Store Equipment	15,000	-
Accumulated Depreciation	-	14,000
Land	40,000
Accounts Payable		2,120
Salary Payable
Interest Payable
ST Note Payable
LT Note Payable		100,000
Common Stock		142,000
Dividends	5,000
Retained Earnings		143,200
Sales		46,500
Sales Discount	210
COGS	26,325
Salaries Expense	6,200
Utilities Expense	800
Insurance Expense	800
Travel Expense	400
Depreciation Expense
Supplies Expense
Uncollectibe/Bad Debt Expense	250
Bank Fee	55
Interest Revenue		400
Interest Expense	1,350
	448,220	448,220