Ref. Debit Credit 1 4,400 O 0 4,400 2 0 X 0 0 0 x 3 OX 0 General Journal Date Description Dec. 31 Insurance Expense Prepaid Insurance To record expired insurance. 31 Depreciation Expense - Furniture & Fixtures Accumulated Depreciation - Furn. & Fixtures To record depreciation expense for furniture for the year. 31 Depreciation Expense - Delivery Equipment Accumulated Depreciation - Delivery Equipment To record depreciation expense for delivery equip. for the year. 31 Sales Salaries Expense Office salaries expense Salaries Payable To record accrued salaries at December 31. 31 Office Supplies Expense Office Supplies To record office supplies used. 0 Ox 4 0 x 07 OX 0 O 5 0 x 0 0 $45,750 92.000 84,400 7.200 4,800 28.000 10,800 70.000 Cash Accounts Receivable Inventory Prepaid Insurance Office Supplies Furniture & Fixtures Accumulated Depreciation Furn. & Fixtures Delivery Equipment Accumulated Depreciation Delivery Equipment Accounts Payable Long term Notes Payable Incorrelax expense Common Stock Relained Earnings Calea Sales Revenue Cost ol Gouds Sold Utilities Expense Sales Saluries Expense Delivery Expense Advertising Experise Rent Expense Ollice uluries expense 24,400 . 69.100 20,000 11.000 $125,000 ? 1,170,000 822.200 099 200 5,600 108,000 27,000 28.200 90,000 72.000 During the year, the accounting department prepared monthly statements but no adjusting entries were made in the journals and ledgers. Data for the year-end procedures are as follows: 1. Prepaid insurance, December 31 $2,800 2. Depreciation Expense on furniture and fixtures for year 3,000 3. Depreciation Expense on delivery equip. for the year 10,000 4. Salaries Payable, December 31 ($2,300 Sales and $800 Ollice) 3,100 5. Office Supplies on hand, December 21 1,900 WASHINGTON DISTRIBUTORS Income Statement For the Year Ended December 31 Sales Revenue 0 X Cost of Goods Sold 0 x Gross Profit on Sales 0 x Operating Expenses Selling, General, and Administrative Expense Income before Income Taxes