Prepare journal entries for the transactions listed above and adjusting entries.

Indigo Corporation's unadjusted trial balance at December I, Debit Cash $26,300 156,600 637,500 Accounts Receivable Notes Receivable Interest Receivable Inventory Prepaid Insurance Land Buildings Equipment Patent Allowance for Doubtful Accounts Accumulated Depreciationauildings Accumulated DepreciationEquipment Accounts Payable Salaries and Wages Payable Notes Payable (due April 30, 2018) Income Taxes Payable Interest Payable Notes Payable (due in 2023) Common Stock Retained Earnings Dividends Sales Revenue Interest Revenue Gain on Disposal of Plant Assets Sad Debt Expense Cost of Goods Sold Depreciation Expense Income Tax Expense 35,000 9,000 36,270 3,900 20,700 61,000 9,720 12,500 2017, is presented below. Cred it 52,200 24,400 27,000 11,700 35,200 53,400 48,590 925,500