Debit Credit (Adjustment a) 2019 Dec. 31 Uncollectible Accounts Expense 4,326.00 Allowance for Doubtful Accounts 4,326.00 To record estimated loss from Uncollectible accounts based on 0.68 of net credit sales, $721,000 (Adjustment b) 31 Supplies Expense 4,300.00 Supplies To record supplies used during the year (Adjustment c Insurance Expense Prepaid Insurance To record expired insurance on 1-year $4,920 policy purchased on Oct. 1 4,300.00 1,230.00 31 1,230.00 (Adjustment d) 31 Depreciation. Exp.-Store Equipment 13,900.00 Accum. Depreciation-Store Equip To record depreciation 13,900.00 (Adjustment e) Salaries Expense-office Salaries Payable To record acerued salaries for Dec. 29-31 31 2,400.00 2,400.00 (Adjustment f 31 Payroll Taxes Expense 183.60 Social Security Tax Payable Medicare Tax Payable 148.80 34.80 To record accrued payroll taxes on accrued salaries: social security, 6.2 x 2,400 $148.80; Medicare, 1.45 2,400 =$34.80 (Adjustment g) 31 Interest Expense 160.00 Interest Payable To record accrued interest on a 4-month, 6% trade note payable dated Nov. 1: $16,000 x 0.06 x 2/12 $160.00 160.00 (Adjustment h) Interest Receivable 31 246.00 246.00 Interest Income To record interest earned on 6-month, 8% note receivable dated Oct. 1: $8,200 x 0.12 x 3/12 $246.00 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 3 4 Record the first reversing entry required Note: Enter debits before credits. Date General Journal Debit Credit Jan 01, 2020 View general journal Record entry Clear entry 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 third reversing entry required. Note: Enter debits before credits. Date Debit Credit General Journal Jan 01, 2020 Record entry Clear entry View general journal 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