Paulson Corporations unadjusted trial balance at December 1,2012, is presented

Cash	Debt	Credit
Accounts receivable	$22,000.00
Notes receivable	$36,800.00
Interest receivable	$10,000.00
Inventory	$-
Prepaid Insurance	$36,200.00
Land	$3,600.00
Buildings	$20,000.00
Equipment	$150,000.00
Patent	$9,000.00
Allowance for doubtful accounts		$500.00
Accumulated depreciation-buildings		$50,000.00
Accumulated depreciation-Equipment		$24,000.00
Accounts payable		$27,300.00
Salaries and wages payable		$-
Notes payable (due April 20,2012)		$11,000.00
Interest payable		$-
Notes Payable (due in 2018)		$35,000.00
Common stock		$50,000.00
Retained earnings		$63,600.00
Dividends	$12,000.00
Sales revenue		$900,000.00
Interest revenue		$-
Gain on disposal of plant assets		$-
Bad debts expense	$-
Cost of goods sold	$630,000.00
Depreciation expense	$-
Insurance expense	$-
Interest expense	$-
Other operating expenses	$61,800.00
Amortization expense	$-
Salaries and wages expense	$110,000.00
Total	$1,161,400.00	$1,161,400.00

The following transactions occurred during December

-Dec. 2 Paulson purchased equipment for 16,000, plus sales taxes of 800 ( all paid in cash)

-Dec. 2 Paulson sold for 3,500 equipment, which originally cost 5,000. Accumulated depreciation on this equipment at January 1, 2012, was 1,800; 2012 depreciation prior to the sale of equipment was 450

-Dec. 15 Paulson sold for 5,000 on account inventory that cost 3,500

-Dec. 23 Salaries and wages of 6,600 were paid

Adjustment Data:

1.) Paulson estimates that uncollectible accounts receivable at year-end are 4,000.

2.) The note receivable is a one-year, 8% note dated April 1, 2012. No interest has been recorded

3.) The balance in prepaid insurance represents payment of a 3,600, 6-month premium on September 1, 2012

4.) The building is being depreciated using the straight-line method over 30 years. The salvage value is 30,000

5.) The equipment owned prior to this year is being depreciated using the straight-line method over 5 years. The salvage value is 10% of cost.

6.) The equipment purchased on December 2, 2012, is being depreciated using the straight-line method over 5 years, with a salvage value of 1,800

7.) The patent was acquired on January 1, 2012, and has a useful life of 9 years from that date.

8.) Unpaid salaries at December 31, 2012 total 2,200

9.) Both the short-term and long-term notes payable are dated January 1, 2012, and carry a 10% interest rate. All interest is payable in the next 12 months.

10.) Income tax expense was 15,000. It was unpaid at December 31.

using the data in the problem for Paulson Corp, complete an accounting equation worksheet for the transactions described in the problem. Modify it as necessary to accommodate the number of adjustments