Problem 138 Selected amounts from Trent Company's trial balance of 12/31/17 appear below: $126,730 149,460 3. Accumulated Depreciation-Equipment 181,680 20,750 492,000 156,440 50,000 999,300 29,140 10,800 292,900 217,100 202,440 821,100 329,400 1. Accounts Payable 2. Accounts Receivable 4. Allowance for Doubtful Accounts 5. Bonds Payable 6. Cash 7. Common Stock 8. Equipment 9. Prepaid Insurance 10. Interest Expense 11. Inventory 12. Notes Payable (due 6/1/18) 13. Prepaid Rent 14. Retained Earnings 15. Salaries and Wages Expense (All of the above accounts have their standard or normal debit or credit balance.) Prepare adjusting journal entries at year end, December 31, 2017, based on the following supplemental information. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) The equipment has a useful life of 15 years with no salvage value. (Straight-line method being a. used.) b. Interest accrued on the bonds payable is $14,760 as of 12/31/17. c. Prepaid insurance at 12/31/17 is $23,920. The rent payment of $202,440 covered the six months from November 30, 2017 through May 31, 2018. d. e. Salaries and wages earned but unpaid at 12/31/17, $20,740. No. Account Titles and Explanation Debit Credit a. b. c. d