Hassellhouf Companhys trial balance at December 31, 2017, is presented below. All 2017 transactions have been recorded except for the items described below.

Debit

Credit

Cash

$26,000

Accounts Receivable

35,500

Notes Receivable

8,500

Interest Receivable

0

Inventory

36,000

Prepaid Insurance

3,900

Land

21,800

Buildings

147,000

Equipment

59,000

Patents

10,300

Allowance for Doubtful Accounts

$400

Accumulated DepreciationBuildings

49,000

Accumulated DepreciationEquipment

23,600

Accounts Payable

27,500

Salaries and Wages Payable

0

Unearned Rent Revenue

4,800

Notes Payable (due in 2018)

13,000

Interest Payable

0

Notes Payable (due after 2018)

35,500

Common Stock

53,500

Retained Earnings

51,300

Dividends

14,000

Sales Revenue

905,000

Interest Revenue

0

Rent Revenue

0

Gain on Disposal of Plant Assets

0

Bad Debts Expense

0

Cost of Goods Sold

635,000

Depreciation Expense

0

Insurance Expense

0

Interest Expense

0

Other Operating Expenses

61,600

Amortization Expense

0

Salaries and Wages Expense

105,000Total$1,163,600$1,163,600

Unrecorded transactions:

1.On May 1, 2017, Hassellhouf purchased equipment for $15,600 plus sales taxes of $1,000 (all paid in cash).2.On July 1, 2017, Hassellhouf sold for $3,500 equipment which originally cost $5,000. Accumulated depreciation on this equipment at January 1, 2017, was $1,900; 2017 depreciation prior to the sale of the equipment was $500.3.On December 31, 2017, Hassellhouf sold on account $5,300 of inventory that cost $3,400.4.Hassellhouf estimates that uncollectible accounts receivable at year-end is $3,800.5.The note receivable is a one-year, 8% note dated April 1, 2017. No interest has been recorded.6.The balance in prepaid insurance represents payment of a $3,900 6-month premium on September 1, 2017.7.The building is being depreciated using the straight-line method over 30 years. The salvage value is $30,000.8.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.9.The equipment purchased on May 1, 2017, is being depreciated using the straight-line method over 5 years, with a salvage value of $2,500.10.The patent was acquired on January 1, 2017, and has a useful life of 10 years from that date.11.Unpaid salaries and wages at December 31, 2017, total $2,000.12.The unearned rent revenue of $4,800 was received on December 1, 2017, for 3 months rent.13.Both the short-term and long-term notes payable are dated January 1, 2017, and carry a 9% interest rate. All interest is payable in the next 12 months.

(a)

Your answer is partially correct.Try again.Prepare journal entries for the transactions listed above.(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.)

No.

Account Titles and Explanation

Debit

Credit

1.

2.

(To record depreciation expense.)

(To record sale of equipment.)3.

(To record sales revenue.)

(To record cost of goods sold.)4.

5.

6.

7.

8.

9.

10.

11.

12.

13.