Prepare adjusting journal entries for the following. (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 O for the amounts.) 1. Bad debt expense is estimated to be 1,319. Equipment is depreciated based on a 7-year life (no residual value). Insurance expired during the year 2,351. Interest accrued on notes payable 3,261. Salaries and wages earned but not paid 2,461. Advertising paid in advance 638, charged to advertising expense when paid. Office supplies on hand 1,570, charged to Office Expense when purchased. 2. 3. 4. 5. 6. 7. Cash Windsor Boutique Trial Balance December 31 Accounts Receivable Allowance for Doubtful Accounts Inventory, December 31 Prepaid Insurance Equipment Accumulated Depreciation-Equipment Notes Payable Share Capital-Ordinary Retained Earnings Sales Revenue Cost of Goods Sold Salaries and Wages Expense Advertising Expense Office Expense Debit 18,800 35,800 84,850 6,860 91,000 419,500 124,210 6,730 4,630 792,380 Credit 638 36,650 29,280 80,329 9,970 635,513 792,380