Please Prepare an adjusted trial balance at December 31, 2017. (Need to fill out the following boxes)

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Grouper Corp.'s unadjusted trial balance at December 1, 2017, is presented below. Debit Credit Cash $25,000 Accounts Receivable 35,800 Notes Receivable 9,600 Interest Receivable 0 Inventory 36,020 Prepaid Insurance 3,300 Land 21,800 Buildings 149,400 Equipment 60,000 Patent 9,450 Allowance for Doubtful Accounts $400 Accumulated Depreciation-Buildings 49,800 Accumulated Depreciation Equipment 24,000 Accounts Payable 27,200 Salaries and Wages Payable O Notes Payable (due April 30, 2018) 11,500 Income Taxes Payable 0 Interest Payable 0 Notes Payable (due in 2023) 35,400 Common Stock 57,700 Retained Earnings 16,570 Dividends 12,000 Sales Revenue 944,500 Interest Revenue 0 Gain on Disposal of Plant Assets 0 Bad Debt Expense 0 Cost of Goods Sold 637,000 Depreciation Expense 0 Income Tax Expense o Insurance Expense 0 Interest Expense 0 Other Operating Expenses 61,700 Amortization Expense 0 Salaries and Wages Expense 106,000 Total $1,167,070 $1,167,070 The following transactions occurred during December. Dec. 2. Purchased equipment for $15,600, plus sales taxes of $1,200 (paid in cash). 2 Grouper sold for $3,500 equipment which originally cost $4,800. Accumulated depreciation on this equipment at January 1, 2017, was $1,900; 2017 depreciation prior to the sale of equipment was $400. 15 Grouper sold for $5,500 on account inventory that cost $3,300. 23 Salaries and wages of $6,550 were paid. Adjustment data: 1. Grouper estimates that uncollectible accounts receivable at year-end are $3,810. 2. 3. The note receivable is a one-year, 8% note dated April 1, 2017. No interest has been recorded. The balance in prepaid insurance represents payment of a $3,300, 6-month premium on September 1, 2017. The building is being depreciated using the straight-line method over 30 years. The salvage value is $31,500. 4. 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, 2017, is being depreciated using the straight-line method over 5 years, with a salvage value of $2,400. 7. The patent was acquired on January 1, 2017, and has a useful life of 9 years from that date. 8. Unpaid salaries at December 31, 2017, total $2,180. 9. Both the short-term and long-term notes payable are dated January 1, 2017, and carry a 10% interest rate. All interest is payable in the next 12 months. 10 Income tax expense was $14,300. It was unpaid at December 31. Your answer is correct. Prepare journal entries for the transactions listed above and adjusting entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Record journal entries in the order presented in the problem.) Account Titles and Explanation Debit Credit Equipment 16800 Cash 16800 Depreciation Expense 400 Accumulated Depreciation-Equipment 400 (To record depreciation expense on equipment.) Cash 3500 Accumulated Depreciation Equipment 2300 Equipment 4800 Gain on Disposal of Plant Assets 1000 (To record sale of equipment.) Accounts Receivable 5500 Sales Revenue 5500 (To record sales revenue.) Cost of Goods Sold 3300 Inventory 3300 (To record cost of goods sold.) Salaries and Wages Expense 6550 Cash 6550 1. Bad Debt Expense 3410 Allowance for Doubtful Accounts 3410 1. Bad Debt Expense 3410 Allowance for Doubtful Accounts 3410 2. Interest Receivable 576 Interest Revenue 576 3. Insurance Expense 2200 Prepaid Insurance 2200 4. Depreciation Expense 3930 Accumulated Depreciation-Buildings 3930 5. Depreciation Expense 9936 Accumulated Depreciation Equipment 9936 6. Depreciation Expense 240 pogodoodoogle Oddooddoodd Accumulated Depreciation Equipment 240 7. Amortization Expense 1050 Patents 1050 8. Salaries and Wages Expense 2180 Salaries and Wages Payable 2180 Interest Expense 4690 Interest Payable 4690 10. Income Tax Expense 14300 Income Taxes Payable 14300 Prepare an adjusted trial balance at December 31, 2017 GROUPER CORP. Adjusted Trial Balance Debit Credit Totals