The following data were taken from the books and records of Kevin Audio Supply as
of December 31, 2019:
	KEVIN AUDIO SUPPLY
	WORKSHEET
	For the Year Ended December 31, 2017
No.							Unadjusted Trial Balance				Adjusted Trial Balance
	Accounts						Dr.		Cr.		Dr.		Cr.
11	Cash					$	9,500			$	9,500	$
12	Accounts Receivable						16,100				16,100
13	Merchandise Inventory						36,000				40,000
14	Prepaid Insurance						3,800				1,800
20	Equipment						80,000				80,000
21	Accumulated Depreciation-Equipment							$	16,000				24,000
30	Accounts Payable								20,400				20,400
40	Kevin, Capital								83,000				83,000
41	Kevin, Drawing						15,000				15,000
50	Sales								480,000				480,000
51	Sales Returns and Allowances						12,000				12,000
52	Sales Discounts						8,000				8,000
60	Purchases						325,000				325,000
61	Purchase Returns and Allowances								10,400				10,400
62	Purchase Discounts								6,800				6,800
63	Freight-in						12,200				12,200
70	Freight-out						7,000				7,000
71	Advertising Expense						16,000				16,000
80	Salaries and Wages Expense						59,000				64,000
81	Utilities Expense						17,000				17,000
		TOTAL				$	616,600	$	616,600
82	Insurance Expense										2,000
83	Depreciation Expense										8,000
84	Salaries and Wages Payable												5,000
90	Income Summary										36,000		40,000
											669,600		669,600
Required:
Based on the above, prepare adjusting entries.