Data for adjusting entries:

1.	As of December 31, 2016, 80% of the wages that had been paid in advance to the salespeople had been earned.
2.	A count of the supplies at year end revealed that $600 of supplies were still on hand.
3.	Depreciation on the equipment for 2016 was $1,000.
4.	The unearned revenue was advance receipts for future deliveries of goods. By December 31, 2016, two thirds of these deliveries had been made.
5.	The bank loan was a six-month loan taken out on October 1, 2016. The interest rate on the loan is 9%, but the interest is not due to be paid until the note is repaid on April 1, 2017.
6.	Salaries owed at year end and not yet recorded were $500.
7.	The rent expense figure includes $800 paid in advance for January 2017.
8.	Income tax for the year should be calculated using a tax rate of 25%.

Prepare the adjusting entries for the year 2016. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Round answers to the nearest whole dollar, e.g. 5,275.)

The following trial balance before adjustments is for Snowcrest Ltd. on December 31, 2016 Debit balances Credit balances Cash Inventory Advances to employees Supplies Equipment Accumulated depreciation-equipment Unearned revenue Bank loan payable Common shares Retained earnings Sales revenue Cost of goods sold Wages expense Repairs and maintenance expense Rent expense Miscellaneous expenses Dividends declared Totals 10,700 24,000 2,600 2,400 56,000 $4,000 6,600 20,000 40,000 8,400 237,000 137,000 35,000 24,000 6,600 14,300 3,400 316,000 $316,000