Exercise 12.3 (Algo) Preparing adjustments for uncollectible accounts, depreciation, and payroll items. LO 122 o. During the year 201, Sampson Company had net credit sales of $1,010,000. Past experience shows that 0.8 percent of the firmis net credit sales result in uncollectible accounts b. Equipment purchased by Park Consultancy for $30,800 on January 2,201, has an estimated useful life of to years and an estimated salvage value of $800. What adjustment for depreciation should be recorded on the firm's worksheet for the year ended December 31,201 ? c. On December 31, 20X1, Glant Plumbing Supply owed wages of $4,700 to its factory employees, who are paid weckly. d. On December 31, 20X1. Glant Plumbing Supply owed the employer's social security (6.2 percent) and Medicare (1.45 percent) taxes on the entire $4,700 of accrued wages for ifs factory employees. e. On December 31, 20X1, Glant Plumbing Supply owed federal (0.6 percent) and state ( 5.4 percent) unemployment taxes on the entire $4,700 of accrued wages for its factory employees. For each of the above independent situations, prepare the adjusting entries that must be made on the December 31 , 201, worksheet. (Round your answers to 2 decimel places.)