Post the adjusting journal entry to the general ledger on the "12-31-14 T-Accounts" tab. You may have to add T-Accounts for new accounts. PLEASE NOTE THAT THE "BB" (BEGINNING BALANCES) FOR THE T-ACCOUNTS REPRESENT THE UNADJUSTED BALANCES AS OF 12/31/14.

A, 123114 Adjusting Journal Entries JE Debits Credits Prepaid Insurance Insurance Expense 8,200 Prepaid Insurance 8,200 (to record insurance expense for 1month) Depreciation Building Equipment 400 2,000 Accumulated Depreciation Building Accumulated Depreciation - Equipment 400 2,000 [to record depreciation expense for 1month) Unearned revenue Unearned Revenue 12,000 Rent Revenue 12,000 [to record rent revenue for 1month 36003) Interest acrued adjusting entry nterest Expense 1.175 Interest accrued 1.175 (to record interst expense for 1month) Cost of Goods Sold 332,700 nventory To close purchases account) cost of goods sold to record cost of goods sold) Impairement Loss [to record impairement of assets) Purchases 332,700 252,700 inventory 252,700 1,000 Accumlated Impairement losses 1,000