Big City Music

Adjusting entries to do 16. At the month end inventory count, it was found that $2,000 of vinyl inventory was warped and will need to be thrown out. 17. The company will need to adjust the interest earned on the loan to Hopeful Bliss 18. The company will need to adjust the interest expense on the Royal Bank loan. 19. Depreciation expense on the recording equipment 20. The company will need to make sure the liability insurance is correct for the month 21. The company will need to make sure the rent expense is correct for the month 22. February 1 you pay salary expenses of $2,000. The entire amount is for salaries incurred from January 25-31st .