1. Selected amounts from Trent Company's trial balance of 12/31/14 appear below: 
2. 
   
3. 1. Accounts Payable $122,750 
4. 
   
5. 2. Accounts Receivable 145,840 
6. 
   
7. 3. Accumulated Depreciation-Equipment 213,250 
8. 
   
9. 4. Allowance for Doubtful Accounts 17,500 
10. 
    
11. 5. Bonds Payable 493,800 
12. 
    
13. 6. Cash 144,700 
14. 
    
15. 7. Common Stock 60,000 
16. 
    
17. 8. Equipment 1,007,850 
18. 
    
19. 9. Prepaid Insurance 30,350 
20. 
    
21. 10. Interest Expense 10,200 
22. 
    
23. 11. Inventory 308,400 
24. 
    
25. 12. Notes Payable (due 6/1/15) 181,900 
26. 
    
27. 13. Prepaid Rent 203,580 
28. 
    
29. 14. Retained Earnings 812,100 
30. 
    
31. 15. Salaries and Wages Expense 322,200 (All of the above accounts have their standard or normal debit or credit balance.) 
32. 
    
33. Prepare to adjust journal entries at year-end, December 31, 2014, based on the following supplemental information. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) 
34. 
    
35. a. The equipment has a useful life of 15 years with no salvage value. (Straight-line method being used.) 
36. 
    
37. b. Interest accrued on the bonds payable is $14,814 as of 12/31/14.
38. 
    
39. c. Prepaid insurance at 12/31/14 is $27,200. 
40. 
    
41. d. The rent payment of $203,580 covered the six months from November 30, 2014, through May 31, 2015. 
42. 
    
43. e. Salaries and wages earned but unpaid at 12/31/14, $22,750.