Once the 12/31/16 T-account sare complete, prepare the Adjusted Trial Balance. There may be some accounts with zero dollars, and you may have to insert line for new accounts. Link the Adjusted Trial Balance to your T-accounts.

12/31/16 Adjusting Journal Entries JE Dcbits Credits 1 Insurance Expense 27,000 Prepaid Insurance 27,000 2 Depreciation Expense 115 Accumulated Depreciation: Building 3 Unearned Rent Revnue 4,500 Rent Revenue 4,500 4 Wages Expense 4,000 Wages Payable Interest Accrued Cost of Goods Sold 4,000 5 Interest Expense 300 300 70,000 70,000 Cost of Goods Sold 4,000 4,000 7 No Entry Required 8 Cash 16,000 Treasury PIC in Excess of Par - Stock 10,000 Treasury Stock 6,000 9 Cash 100,000 Common Stock 10,000 PIC in Excess of Par Common Stock 90,000 10 Cash 756,774 Bonds Payable Premium on Bonds Pavable 700,000 56,774 75,000 99,000 11 Bad Debt Expense 75,000 Allowance for Doubtful Accounts 12 Income Tax Expense 99,000 Income Tax Payable