Selected amounts at Dec 31, 2019

cash paid employees for salaries & wages $300,000

Cash collected from sales customers $1,850,000

Bonds Payable $500,000

Cash $150,000

Common Stock $60,000

Equipment $840,000

Prepaid Insurance $30,000

Inventory $250,000

Prepaid Rent $140,000

Retained Earnings $130,000

Salaries&Wages Expense $328,000

Sales $2,000,000

Make the following 5 adjusting entries

1) Equipment, purchased Jan 1, 2019 has a useful life of 12 years with no salvage value(straight-line method)

2)Interest accrued on bonds payable is $20,000 as of Dec 31, 2019

3)Unexpired insurance at 12/31/2019 is $7,000

4) Rent payment of $140,000 covered the four months from Dec 1, 2019 thru March 31, 2020

5)Salaries&Wages of $28,000 were earned but unpaid at 12/31/2019.