Exercise 12.3 (Static) Preparing adjustments for uncollectible accounts, depreciation, and payroll items. LO 122 a. During the year 20Xt, Alenikov Company had net credis sales of 52.020.000. Past experience shows that 1.5 percent of the firmi's. net credis saies resuit in uncollectible occounts. b. Equipment purchased by Fronke Consultancy for $42,500 on January 2, 20X1, has an estimoted useful life of 8 years and an estimsted salvage value of $3.500. What adjusiment for depreciation should be recorded on the flum's worksheet for the year ended December 31, 20X1? c. On December 31, 20X1, Moloney Plumbing Supply owed wages of 512,200 to as factory empleyeen, who are paid weekiy d. On December 31. 20x1. Moloney Plumbing Supply owed the employer's social security 6.2 percent) and Medicare (1.45 percent). tawes on the entire $12,200 of acerued wages for its toctory employees. e. On December 31, 20x1, Moloney Plumbing Supply owed federal (0.6 percent) and state (5.4 percent) unemploynent taves on the entire $12.200 of accrued wages for its factory employees. For each of the abowe independent stuations, piegare the adjusting entries that must be madb on the December 31, 201, woiksheet (Pound your answers to 2 decimal places) (Round your answers to 2 decimal places.) Journal entry worksheet 5 Record an adjusting entry for depreciation. Note: Einter debits before credits. For each of the above independent situations, prepare the adjusting entries that must be made on the December 31 , 201, works (Round your answers to 2 decimal places.) Journal entry worksheet 5 Record an adjusting entry for wages owed. Note: Lnter debits before credits