can someone explain how they got #12 adjusting entry?

Record the following adjusting entries in general journal form as of December 31, 2020: 1. Supplies on hand at the end of the year: $ 700 2. Equipment shown on the 12/1 TB was purchased on 1/1/17, has a 8 year life, no salvage value and company uses double-declining balance method for its depreciation. 3. Included in the truck balance is a fully depreciated truck for $6,500 and a new truck valued at $50,000 which was purchased on 1/1/17. The new truck has a 9-year life, no salvage value and the company uses the sum-of-the-years digits for its depreciation method on this asset. 4. Don't forget to depreciate the new equipment! 5. The patent was purchased on 1/1/2013 for $100,000 and its useful life is 20 years. 6. $40,600 was paid on October 1, 2020 for six months rent. 7. On February 1, 2020, paid $38,500 for a 12-month insurance policy. 8. Declared dividends of $30,000 on December 31 9. The fair market value of the securities (classified as trading) is $17,000. 10.3% of Accounts Receivable is estimated to be uncollectible. Company uses the allowance method for estimating its uncollectible accounts. 11. Accrued salaries expense of $6,000 and recorded Payroll tax expense on account of $2300. 12. Had issued $300,000 of 6%, 10-year bond, dated 1/1/18 for $323,383 when the market rate was 5%. Interest is paid on June 30 and January 1 using the effective interest rate method. The June payment is included in the Dec. 1 TB. (Additional credit awarded if amortization table is included) 13. One month has passed since the issuance of restricted stock. 14. Interest on 30 days of note payable, dated 12/1/20 should be accrued. (Assume 360 days in a year for calculation) 15. Accrued interest of 7% on long-term note payable of $175,000. 16. Income tax rate is 21% Additional Information: During 2020, the following additional transactions occurred: (Hint: these are already included in 12/1/20 TB, but may be needed for the Statement of Cash Flows) 1. Issued 5,000 shares of common stock, $1 par, for $40,000 on June 1, 2020. 2. Some equipment was sold (original cost $10,000, book value $6,000) for $3,000 (do not consider in your #2 AJE above) 3. All amortization and depreciation is recorded once a year on December 31. Calibri Paste BIU QA-EEEE Merge & Center $ - Clipboard Font Alignment 26 fo 71640 A E 10 3 CR st 5 6 DR 707,685 788,501 7,900 7 8 9 LO 11 12 13 14 15 16 17 18 Acct 100 101 102 103 104 105 106 107 125 126 127 128 130 175 201 202 203 B Cascade Trifort, Inc. Trial Balance December 1, 2020 Description Cash Accounts Receivable Allowance for Doubtful Accounts Trading Securities Inventory Prepaid Rent Prepaid Insurance Supplies Equipment Accumulated Depreciation Equipment Truck Accumulated Depreciation Truck Land Patents Accounts Payable Salaries Payable Utilities Payable 18,000 110,000 40,600 38,500 3,600 150,000 82,719 56,500 32,542 35,000 65,000 + 19 368,300 78,000 17,000 20 21 11 December JES worksheet TB-Unadjusted at 12.1.20 Adjusting JES IS & W > 10 = - = 12 Font Alignment Clipboard Z D26 fx 71640 -4 -5 26 27 28 29 30 31 32 33 34 35 206 207 208 221 225 226 301 302 304 305 306 310 401 500 600 601 602 604 605 606 607 B C D E Dividends Payable Income Tax Payable 19,585 Note Payable -short term 71,640 Note Payable-long term 175,000 Bond Payable 300,000 Premium on Bond Payable 18,572 Common Stock, $1 par, 35,000 shares 45,000 APIC Common Stock 158,000 Unearned Compensation Treasury Stock APIC Treasury Stock Retained Earnings 242,000 Sales 653,000 Cost of Goods Sold 175,000 Compensation Expense Salaries Expense 42,000 Rent Expense Bad Dept Expense Payroll Tax Expense 23,000 Advertisting Expense 15,000 Insurance Expense 7,000 TB-Unadjusted at 12.1.20 December JES Adjusting Jes worksheet is 36 37 38 39 40 41 45 42 43 44 CA File Home Insert Page Layout Formulas Data Review View De Calibri 12 Paste BI UB ' ' == Wrap Text aA. Merge & Center Clipboard Font Alignment D26 fax 71640 D 42,000 23,000 15,000 7,000 44 A 39 601 40 602 41 604 42 605 43 606 607 45 608 46 609 47 610 48 611 49 612 50 614 51 615 617 53 620 54 Totals 55 56 57 58 B Salaries Expense Rent Expense Bad Dept Expense Payroll Tax Expense Advertisting Expense Insurance Expense Supplies Expense Depreciation Expense Amortization Expense Utilities Expense Miscellaneous Expenses Interest Expense Income Tax Expense Realized Gains (Losses) Unrealized Gains (Losses) 17,000 3,300 7,990 52 6,000 2,303,675 2,303,675 59 TB-Unadjusted at 12.1.20 December