Swifty Corporation's unadjusted trial balance at December 1, 2025, is presented below. Prepare an adjusted trial balance at December 31, 2025

Swifty Corporation's unadjusted trial balance at December 1,2025 , is presented below. The following transactions occurred during December. Dec. 2 Purchased equipment for $30,080, plus sales taxes of $1,504 (paid in cash). 2 Swifty sold for $6,580 equipment which originally cost $9,400. Accumulated depreciation on this equipment at January 1,2025 , was $3,384;2025 depreciation prior to the sale of equipment was $1,551. 15 Swifty sold for $9,400 on account inventory that cost $6,580. (Swifty records sales under a perpetual inventory system.) 23 Salaries and wages of $12,408 were paid. Adjustment data: 1. Swifty estimates that uncollectible accounts receivable at year-end are $7,520. 2. The note receivable is a one-year, 8% note dated April 1,2025 . No interest has been recorded. 3. The balance in prepaid insurance represents payment of a \$6,768, 6-month premium on September 1, 2025. 4. The building is being depreciated using the straight-line method over 30 years. The salvage value is $56,400. 5. The equipment owned prior to this year is being depreciated using the straight-line method over 5 years. The salvage value is 10% of cost. 6. The equipment purchased on December 2,2025 , is being depreciated using the straight-line method over 5 years, with a salvage value of $3,384 7. The patent was acquired on January 1,2025 , and has a useful life of 9 years from that date. 8. Unpaid salaries at December 31,2025 , total $4,136. 9. Both the short-term and long-term notes payable are dated January 1,2025 , and carry a 10% interest rate. All interest is payable in the next 12 months. 10 Income tax expense was $28,200. It was unpaid at December 31. (a) Prepare journal entries for the transactions listed above and adjusting entries. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem.) Accumulated Depreciation-Equipment 4,935 Equipment Gain on Disposal of Plant Assets (To record sale of equipment.) Accounts Receivable Sales Revenue (To record sales revenue.) Cost of Goods Sold Inventory (To record cost of goods sold.) Salaries and Wages Expense Cash 1. Bad Debt Expense Allowance for Doubtful Accounts 2. Interest Receivable Interest Revenue 3. Insurance Expense Prepaid Insurance 4. Depreciation Expense Accumulated Depreciation-Buildings 5. Depreciation Expense 7,520 18,612 Accumulated Depreciation-Buildings 5. 18,612 Accumulated Depreciation-Equipment 6. Depreciation Expense Accumulated Depreciation-Equipment 7. Amortization Expense Patents 8. Salaries and Wages Expense Salaries and Wages Payable 9. Interest Expense Interest Payable 10. Income Tax Expense Income Tax Payable 470 8,648 Prepare an adjusted trial balance at December 31, 2025. SWIFTY CORPORATION Adjusted Trial Balance Debit $ Credit $ Totals $ $ eTextbook and Media