Need to post these adjusting entrees into the journal. There is an outline for the adjusting entries provided by the professor at the bottom. The trial balance is $223,920

Adjustment information as of September 30, 2013 not already given in original transactions:

1.Joe was very conscientious in checking his customers' credit history. However, while at the Nevada State Boat Show, he learned that it is customary within the pleasure boating industry for retail boat sales to suffer bad debt losses equal to 5% of credit sales. Joe decides that it is prudent to use the 5% industry-wide standard until he has more experience with his own business and customers. Round estimate to the nearest dollar.

2.As a control measure, Joe counts his inventory of skiing and fishing accessories at 9/30/2013. He determines that the cost of this merchandise on hand is $1,140.

3.Joe counts his Supplies after the close of business on the last day of the month and determines the cost of unused supplies to be $262.

4.Joe estimates that his office furniture and boat related equipment will last eight years with no salvage. Fixed assets purchased in the first half of the month are depreciated for the entire month, while fixed assets purchased in the last half of the month are not depreciated until the second month. Depreciation is rounded to the nearest dollar.

5.Henry worked 20 days during September and did not work any overtime. Joe gets a monthly salary of $3,000.

6.On October 4, Tucker Boats received a $357 invoice from Desert Gas and Electric Company for utilities consumed during September.

A1	609	Doubtful Accounts expense		186
	112		Dividends		186
		to record estimate for bad debts ($3729 x .05)
A2	502	Cost of Goods Sold - Accessory Sales		43
	122		Boat Accessory Inventory		43
		to reconcile physical inventory to GL ($1183-1140)
A3	602	Supplies Expenses		498
	131		Supplies		498
		to record supplies used during the month ($760-262)
A4	605	Depreciation Expense		?
	142		Accumulated Depreciation		?
A5	601	Salaries Expense		?
	202		Accrued Salaries Payable		?
A6	606	Utilities Expense		?
	207		Other Accrued Expenses Payable		?
A7	603	Insurance Expense		?
	132		Prepaid Insurance		?
A8	608	Interest Expense		?
	203		Acrued Interest Payable		?
A9	210	Notes Payable		?
	206		Current Maturities of long-term Debt		?

Account	Account Name	Ending Balance
		DB	CR
101	Cash	95,399	0
111	Accounts Receivable	3,729	0
112	Allowance for doubtful accounts	0	0
121	Boat Inventory	20,725	0
122	Boat Accessory Inventory	1,183	0
131	Supplies	760	0
132	Prepaid Insurance	2,196	0
133	Prepaid Rent	0	0
141	Store, Office, & Boat Equipment	26,880	0
142	Accumulated depreciation	0	0
201	Accounts Payable	0	22,057
202	Accrued Salaries Payable	0	0
203	Accrued Interest Payable	0	0
204	Unearned Revenue	0	580
205	Dividends Payable	?	1,500
206	Current Maturities of long-term debt	0	0
207	Other Accrued expenses payable	0	0
210	Notes Payables	0	20,000
301	Common Stock - (no par)	0	99,100
311	Retained Earnings	1,500	0
401	Boat Sales	0	18,999
402	Accessory Sales	0	2,709
403	Boat Repair Revenue	0	4,304
501	Cost of Goods Sold - Boat Sales	12,050	0
502	Cost of Goods Sold - Accessory Sales	1,767	0
601	Salaries Expenses	0	0
602	Supplies Expenses	0	0
603	Insurance Expenses	0	0
604	Rent Expense	2,400	0
605	Depreciation expense	0	0
606	Utilities expense	0	0
607	Advertising expense	660	0
608	Interest expense	0	0
609	Doubtful Accounts expense	0	0
		169,249	169,249