Record the following adjusting entries in general journal form as of December 31, 2019:

1. Supplies on hand at the end of the year: $450
2. Equipment shown on the 12/1 TB was purchased on 1/1/17, has a 8 year life, no salvage value and company uses double-declining balance method for its depreciation.
3. Included in the truck balance is a fully depreciated truck for $6,500 and a new truck valued at $50,000 which was purchased on 1/1/17. The new truck has a 9-year life, no salvage value and the company uses the sum-of-the-years digits for its depreciation method on this asset.
4. Dont forget to depreciate the new equipment!
5. The patent was purchased on 1/1/2013 for $100,000 and its useful life is 20 years.
6. $18,600 was paid on September 1, 2019 for six months rent
7. On 3/1/19, paid $22,500 for a 12-month insurance policy.
8. Declared dividends of $15,000 on December 31
9. The fair market value of the securities (classified as marketable) is $19,500.
10. 4% of Accounts Receivable is estimated to be uncollectible. Company uses the allowance method for estimating its uncollectible accounts.
11. Accrued salaries expense of $6,000 and recorded Payroll tax expense on account of $2300.
12. Had issued $300,000 of 5%, 10-year bond, dated 1/1/18 for $277,685 when the market rate was 6%. Interest is paid on June 30 and January 1 using the effective interest rate method. The June payment is included in the Dec. 1 TB. (Additional credit awarded if amortization table is included)
13. One month has passed since the issuance of restricted stock.
14. Interest on 30 days of note payable, dated 12/1/19 should be accrued. (Assume 360 days in a year for calculation)
15. Accrued interest of 8% on long-term note payable of $175,000.
16. Income tax rate is 25%

Additional Information:

During 2019, the following additional transactions occurred: (Hint: these are already included in 12/1/19 TB, but may be needed for the Statement of Cash Flows)

1. Issued 5,000 shares of common stock, $1 par, for $35,000 on June 30, 2019.
2. Some equipment was sold (original cost $10,000, book value $6,000) for $5,000 (do not consider in your #2 AJE)
3. All amortization and depreciation is recorded once a year on December 31.