Problem 1: 40 Points JEN Company's December 31, 2014 trial balance is as follows JEN Company Trial Balance December 31, 2014 Account Debit Credit Cash Accounts Receivable Allowance for Doubtful Accounts Notes Receivable Merchandise Inventory Land $43,500 53,500 1,500 30,000! 55,000 20,000 Building 150,000 50,000 26,000 Buildin $15,000 Equipment Accumulated Depreciation, Equipment Goodwill Accounts Payable Long Term Notes Payable Common Stock, $10 par, 2,000 shares authorized & 21,000 25,000 75,000 20,000 147,000 700,000 outstanding Retained Earnings Sales Revenue 150,000 3,500 350,000 Salaries Expense Utilities Expense Cost of Goods Sold Administrative Expenses Sales Expenses 55,000 15,000 Totals JEN a smail company and record adjusting entries & dlasing entries anly a1.00 fiscal (calendar) year end. Correcting and adjusting entries have not been recorded