I need the adjustments for horizontal close and adjusted journal entries

4 Deferred Accounts: (this is what you do for journal entries)| 1. Eleven percent of the sales revenues are funds received for products to be delivered in 2015 2. Insurance costs of $7,000 which were shown as prepaid expenses in the unadjusted trial balance provided coverage for 7 2014 3. Equipment has been used to generate revenues. The company estimates $2000 in depreciation for 2014 Depreciation is entered only at year end at the time of the adjusting entries. 10 11 Accrued Accounts 12 4. Wages have been paid through December 28th. The seven employees worked December 29, 30 and 31. 13 and each earned $5000 per day. 14. 5. An extra telephone line was installed in December. The telephone bill for $900 including hookup and usage charges was received on February 4th, 2015 15 16 6. Interest accrues on the short term notes payable at an annual rate of 12 percent. The principal has been outstanding all month. Interest expense has been accounted for through November 30, 2014 17 18 Interest on other debt has been paid at December 31, 2014. 19 7. The estimated income tax rate is 23%. 20 LO CO Corporation Name UCLA Accounts payable 325000 2000000 Accounts receivable Accrued expenses payable 45891 Accumulated depreciation 14000 2103000 Cash 25000 Common Stock Cost of goods sold Current maturities on long term 456000 debt 5000 Depreciation expense 56000 125000 Equipment Administrative expense 46000 Income tax expense Income taxes payable 101000 Political expenses 14000 Interest expense 2000 Insurance Expense 3500 Interest income 3000000 Land Long term debt 456 Long term investments 45000 Bonds Payable 11000 Marketable securities 5126142 0 N/A Prepaid expenses 31000 Retained earnings 2442750 10560545 Sales revenues Shares Outstanding 4500 Short Notes Payable 32000 56000 Unearned revenues Utilities expense 54000 564000 Wages expense