Selected amounts from Trent Company's trial balance of 12/31/14 appear below:

Prepare adjusting journal entries at year end, December 31, 2014, based on the following supplemental information.

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 $15,000 as of 12/31/14.

c. Prepaid insurance at 12/31/14 is $25,000.

d. The rent payment of $180,000 covered the six months from November 30, 2014 through May 31, 2015.

e. Salaries and wages earned but unpaid at 12/31/14, $22,000.

Accounts payable	160,000
Accounts receivable	150,000
accum depreciation - equip	200,000
Allowance for doubtful accounts	20,000
Bonds payable	500,000
Cash	150,000
Common stock	60,000
Equipment	960,000
Prepaid insurance	30,000
Interest expense	10,000
Inventory	300,000
Notes payable (due 6/1/15)	200,000
Prepaid rent	210,000
Retained earnings	818,000
Salaries and wages expense	328,000