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Walgreens has a location on the east side of Green Bay. Because of it's modern information systems, Walgreens uses a perpetual inventory system. Below is the unadjusted trial balance for Walgreens as of the end of January.

WALGREENS

Unadjusted Trial Balance

January $31$

Debit Credit

Cash $ $16,750$

Merchandise inventory $13,500$

Store supplies $5,600$

Prepaid insurance $2,800$

Store equipment $42,800$

Accumulated depreciation$$Store equipment $ $17,450$

Accounts payable $16,000$

J$.$ Nelson, Capital $33,000$

J$.$ Nelson, Withdrawals $2,000$

Sales $114,950$

Sales discounts $2,050$

Sales returns and allowances $2,100$

Cost of goods sold $38,000$

Depreciation expense$$Store equipment $0$

Sales salaries expense $15,100$

Office salaries expense $15,100$

Insurance expense $0$

Rent expense$$Selling space $8,000$

Rent expense$$Office space $8,000$

Store supplies expense $0$

Advertising expense $9,600$

Totals $ $181,400$ $ $181,400$

More data:

Store supplies still available at fiscal year$-$end amount to $$1,800.$

Expired insurance expense, is $$1,700$ for the fiscal year.

Depreciation expense on store equipment is $$1,650$ for the fiscal year.

To back$-$up its computerized perpetual inventory records, a physical count of ending merchandise inventory was done. It shows $$10,100$ of inventory is still available at fiscal year$-$end.

Required:

$1.$ Using the above information, prepare adjusting journal entries.