Debit		Credit
Cash	$26,700
Accounts Receivable	36,100
Notes Receivable	9,800
Interest Receivable	0
Inventory	36,090
Prepaid Insurance	3,300
Land	20,000
Buildings	141,300
Equipment	61,000
Patent	9,090
Allowance for Doubtful Accounts			$550
Accumulated DepreciationBuildings			47,100
Accumulated DepreciationEquipment			24,400
Accounts Payable			27,800
Salaries and Wages Payable			0
Notes Payable (due April 30, 2018)			12,900
Income Taxes Payable			0
Interest Payable			0
Notes Payable (due in 2023)			36,000
Common Stock			56,100
Retained Earnings			32,130
Dividends	13,500
Sales Revenue			919,500
Interest Revenue			0
Gain on Disposal of Plant Assets			0
Bad Debt Expense	0
Cost of Goods Sold	632,500
Depreciation Expense	0
Income Tax Expense	0
Insurance Expense	0
Interest Expense	0
Other Operating Expenses	61,600
Amortization Expense	0
Salaries and Wages Expense	105,500
Total	$1,156,480		$1,156,480

The following transactions occurred during December.

Dec. 2		Purchased equipment for $15,600, plus sales taxes of $600 (paid in cash).
2		Bramble sold for $3,550 equipment which originally cost $4,800. Accumulated depreciation on this equipment at January 1, 2017, was $2,000; 2017 depreciation prior to the sale of equipment was $470.
15		Bramble sold for $5,450 on account inventory that cost $3,380.
23		Salaries and wages of $6,370 were paid.

Adjustment data:

1.		Bramble estimates that uncollectible accounts receivable at year-end are $4,130.
2.		The note receivable is a one-year, 8% note dated April 1, 2017. No interest has been recorded.
3.		The balance in prepaid insurance represents payment of a $3,300, 6-month premium on September 1, 2017.
4.		The building is being depreciated using the straight-line method over 30 years. The salvage value is $31,800.
5.		The equipment owned prior to this year is being depreciated using the straight-line method over 5 years. The salvage value is 10% of cost.
6.		The equipment purchased on December 2, 2017, is being depreciated using the straight-line method over 5 years, with a salvage value of $2,340.
7.		The patent was acquired on January 1, 2017, and has a useful life of 9 years from that date.
8.		Unpaid salaries at December 31, 2017, total $2,110.
9.		Both the short-term and long-term notes payable are dated January 1, 2017, and carry a 10% interest rate. All interest is payable in the next 12 months.
10		Income tax expense was $13,900. It was unpaid at December 31.

Prepare journal entries for the transactions listed above and adjusting entries. (Credit account titles are automatically indented when 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. Record journal entries in the order presented in the problem.)

Cash $26,700 Accounts Receivable 36,100 Notes Rectiva de 9,800 Interest Receivable 36,090 Insentory Prepaid Insurance Land 3.300 20.000 141300 Buildings Equipment Patent 62000 9.090 My $550 Allowance for Doubtful Accounts 47.100 Accumulated Depreciation --Buildings Accumulated Depreciation- Equipment Pring 24400 View 27.800 0 12.900 Accounts Payable Salaries and Wages Payable Notes Payabile de pe 30, 2015 Income Taxes Payable Interest Payable Notes Payable in 2022 Common Stock bined Earnings Dividends Sales Ganon DDG Det er Cost of Good Sale Chege Study Textbook Solutions Rapport OKA Sety Puck Precio 0 0 61600 Insurance Expense Interest Expense Other Operating Expenses Amortization Expense Salaries and Wages Expense Total 105,500 $1.156,480 $1,156 480 ) The following transactions occurred during December Dec Purchased equipment for 515,600. plus sales taxes of $600 (paid in 2 cath 2 Bramble sold for $3,550 equipment which originally cost 54.800 Accumulated depreciation on this equipment at January 1, 2017, $2.000, 2017 depreciation prior to the sale of equipment was $470 15 Bramble sold for 55 450 on account inventory that cost $3.380 23 Salaries and wages of $6.370 were paid Adjustment data 1 Bramble estimates that uncolectible accounts receivable at year-end are $4.130 2 ME 4 The not receivable sa one-year note dated April 1, 2017 No interest has been recorded The balance in prepaid insurance represents payment of a $2.3006 month premium on September 1, 2017 The building is being deprecated using eight-line method over 30 years. The salvage value is $31.800 The equipment owned prior to this year is being depreciated using the straight line method over 5 year. The geval is 10% of cost The equipment purchased on December 2, 2009. is being preced ung night in method over 5 year wing of 52340 The patent was credan 1. 2017. and as a stue of 5 5 2 Unpale December 1, 2017 2.110 Both the short and longe payable a tedy 2017, and carry Alejable in the next ex ea comber 31