Ortiz Company data for the end of the year adjustments are shown.

Factory overhead to be applied to work in process ending inventory	$7,780
Estimate of this year's sales that will be returned next year (remaining balance from last year = $130)	770
Cost of goods expected to be returned (remaining balance from last year = $85)	490
Interest receivable	435
Provision for uncollectible accounts (based on percentage of sales)	3,876
Office supplies consumed	750
Factory supplies consumed	4,160
Insurance expired on factory building and equipment	3,200
Depreciation on factory building	6,800
Depreciation on factory equipment	4,200

Required:

Prepare the December 31 adjusting journal entries for Ortiz Company.

Prepare the December 31 adjusting journal entries for Ortiz Company.

General Journal Instructions

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GENERAL JOURNAL

	DATE	ACCOUNT TITLE	POST. REF.	DEBIT	CREDIT
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