Prepare the annual adjusting entry using the trial balance and the following details. Bad debt expense for the year is $1,430. Prepare the annual adjusting entry using the trial balance and the following details: The company purchased $1,100 of insurance on September 1, 20X2. The insurance covers 10 months and covers the period Sept. 20X2 through June 20X3. Prepare the annual adjusting entry using the trial balance and the following details: Equipment worth $25,000 was purchased on January 1, 20X0 by the company. The company determined that there is no salvage value for the equipment and that the useful life is 10 years.