Debit Credit 4,344.00 4,344.00 4,600.00 4,600.00 1,320.00 1,320.00 14,200.00 14,200.00 2019 (Adjustment a) Dec.31 Uncollectible Accounts Expense Allowance for Doubtful Accounts To record estimated loss from Uncollectible accounts based on 0.6% of net credit sales, $724,000 (Adjustment b) 31 Supplies Expense Supplies To record supplies used during the year (Adjustment c) 31 Insurance Expense Prepaid Insurance To record expired insurance on 1-year $5,280 policy purchased on Oct. 1 (Adjustment d) 31 Depreciation. Exp.-Store Equipment Accum. Depreciation-Store Equip. To record depreciation (Adjustment e) 31 Salaries Expense-Office Salaries Payable To record accrued salaries for Dec. 29-31 (Adjustment f) 31 Payroll Taxes Expense Social Security Tax Payable Medicare Tax Payable To record accrued payroll taxes on accrued salaries: social security, 6.2% x 2,700 = $167.40; Medicare, 1.45% x 2,700 = $39.15 (Adjustment g) 31 Interest Expense Interest Payable To record accrued interest on a 4-month, 6% trade note payable dated Nov. 1: $19,000 x 0.06 x 2/12 = $190.00 (Adjustment h) 31 Interest Receivable Interest Income To record interest earned on 6-month, 8% note receivable dated Oct. 1: $8,500 x 0.12 x 3/12 = $255.00 2,700.00 2,700.00 206.55 167.40 39.15 190.00 190.00 255.00 255.00 Examine the above adjusting entries and determine which ones should be reversed. Show the reversing entries that should be recorded in the general journal as of January 1, 2020. (Record the entries in the order given. Round your answers to 2 decimal places.) View transaction list Journal entry worksheet 2 3 4 Record the first reversing entry required. Note: Enter debits before credits. General Journal Debit Credit Celelalu Date Jan 01, 2020 Record entry Clear entry View general journal