the accountant for the Brian Co. is preparing financial statements for the year ended December 31. Your review of the accounting records discloses the need for the following adjusting and reclassifying entries.

1.Office supplies have a balance of $2,400. An inventory at 12/31 shows $1,700 of supplies on hand.

2. There are two insurance accounts in the trial balance, prepaid insurance-$9,200 and Insurance Expense $2,800. Unexpired insurance at the statement date is $3,000.

3. All rent receipts ($25,000) were credited to rent income. At the end of the year, $5,000 of rentals are unearned.

4. The allowance for uncollectibles has a credit balance of $6,000. An aging schedule shows estimated uncollectibles of $14,000.

5. The balance in A/P is $122,400. Included in this amount is $10,400 of advance deposits made by Brian Co. on future purchases.

6. The ledger shows interest receivable of $3,200 at the beginning of the year. All interest collections have been credited to interest revenue. At December 31 of the current year, accrued interest receivable totals $3,800.

7. A capital expenditure of 6,000 $ was debited to repairs expense of October 1. the annual rate of depreciation on the machinery is 10 %.

8.Freight-in OF 5,000 $ was debited to freight-out.

9.Accounts receivable has a balance of $ 118,400. this balance is net of customers with credit balance of $15,000.

10.Bonds payable has a balance of $550,000. Bonds maturing within the next year total $50,000

Required: Journalize the adjusting and reclassifying entries. Identify the adjustments by number and the reclassifications by letter.