LARKSPUR WHOLESALE COMPANY Trial Balance December 31,2022 Debit Credit Cash $ 32,000 Accounts Receivable 37,500 Inventory 69,900 Land 91,900 Buildings 199,900 Accumulated Depreciation-Buildings $ 59,900 Equipment 83,400 Accumulated Depreciation-Equipment Notes Payable 40,400 54,600 Accounts Payable 17,400 Common Stock 159,900 Retained Earnings 67,100 Dividends 9,900 Sales Revenue 922,000 Sales Discounts 5,900 Cost of Goods Sold 709,800 Salaries and Wages Expense 51,200 Utilities Expense 11,300 Maintenance and Repairs Expense 8,800 Advertising Expense 5,100 Insurance Expense 4,700 $1,321,300 $1,321,300 Adjustment data: 1. Depreciation is $7,900 on buildings and $6,900 on equipment. (Both are operating expenses.) 2. Interest of $4,500 is due and unpaid on notes payable at December 31. 3. Income tax due and unpaid at December 31 is $23,900. Other data: $14,900 of the notes payable are payable next year. (a) Your answer is correct. Journalize the adjusting entries. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation 1. Depreciation Expense Accumulated Depreciation-Buildings Accumulated Depreciation-Equipment 2. Interest Expense Interest Payable 3. Income Tax Expense Income Taxes Payable eTextbook and Media List of Accounts Debit 14800 4500 23900 Credit 7900 6900 4500 23900 Attempts: 1 of 3 used (b) Create T-accounts for all accounts used in part a. Enter the trial balance amounts into the T-accounts and post the adjusting entries. (Post entries in the order of journal entries posted in part a.) Accumulated Depreciation-Buildings Accumulated Depreciation-Equipment Depreciation Expense Interest Expense Interest Payable Income Tax Expense Income Taxes Payable