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ONLY NEED HELP WITH THE JOURNAL ADJUSTING ENTRIES, I showed the trial balance for reference Part One, continued: Adjusting Journal Entries Record the Adjusted journal

ONLY NEED HELP WITH THE JOURNAL ADJUSTING ENTRIES, I showed the trial balance for reference

Part One, continued: Adjusting Journal Entries

Record the Adjusted journal entries, I need help

1. Accrue interest on bonds issued on December 1st.
2. Depreciation expense for the month is $1,120 for for the building and $605 for equipment.
3. Accrue sales of $42,000 with a cost of goods sold of $19,000.
4. Prepaid insurance of $483 expired in December.
5. Unearned revenue of $7,500 with a cost of $3,200 was earned during December.
6. Record patent amortization in the amount of: $1,200.
7. Allowance for bad debt account should equal 3% of the accounts receivable balance
rounded to the nearest dollar.

Trial Balance

Accumulated Depreciation- Equipment 45,600
Building 462,000
Accumulated Depreciation- Building 79,000
Patents 41,700
Accounts Payable 233,950
Unearned Revenue 10,000
Interest Payable
Bonds Payable
Common Stock ($5 Par) 840,000
Paid-in Capital in Excess of Par Value 50,000
Retained Earnings 295,730
Dividends
Sales 799,970
Sales Discounts 8,000
Cost of Goods Sold 491,200
Bad Debt Expense
Depreciation Expense- Equipment 5,600
Wages & Salaries Expense 67,800
Rent Expense 69,400
Utilities Expense 11,000
Depreciation Expense- Building 10,000
Insurance Expense 8,800
Amortization Expense 5,500
Gain/Loss on Sale of Equipment
Interest Expense 6,000

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