Selected amounts from Cullumber Company's trial balance of 12/31/20 appear below:

1.		Accounts Payable		$ 121,500
2.		Accounts Receivable		144,600
3.		Accumulated DepreciationEquipment		207,100
4.		Allowance for Doubtful Accounts		16,000
5.		Bonds Payable		504,700
6.		Cash		150,700
7.		Common Stock		51,600
8.		Equipment		872,100
9.		Prepaid Insurance		31,300
10.		Interest Expense		10,100
11.		Inventory		317,800
12.		Notes Payable (due 6/1/21)		198,900
13.		Prepaid Rent		248,400
14.		Retained Earnings		826,000
15.		Salaries and Wages Expense		316,600

Prepare adjusting journal entries at year end, December 31, 2020, based on the following supplemental information. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

a.		The equipment has a useful life of 15 years with no salvage value. (Straight-line method being used.)
b.		Interest accrued on the bonds payable is $ 15,141 as of 12/31/20.
c.		Prepaid insurance at 12/31/20 is $ 18,400.
d.		The rent payment of $ 248,400 covered the six months from November 30, 2020 through May 31, 2021.
e.		Salaries and wages earned but unpaid at 12/31/20, $ 21,800.

No.	Account Titles and Explanation	Debit	Credit
a.
b.
c.
d.
e.