The following is an Unadjusted Trial Balance of Happy Toys. It has a fiscal year-end of December 31, 2019.

Accounts Receivable	55,000
Accounts Payable		6,500
Accumulated Depreciation - Computer		20,000
Accumulated Depreciation - Furniture		40,000
Bank Loan Payable		105,000
Furniture	160,000
Cash	50,000
Computer	80,000
Consulting Revenue		241,000
Notes Payable		55,000
Prepaid Insurance	12,000
Rent Expense	95,000
Salaries Expense	40,500
Supplies	3,000
Unearned Consulting Revenue		3,000
Yukon, Capital		30,000
Yukon, Withdrawals	5,000
Total	445,500	445,000

Other information:

1. A one-year insurance policy was purchased on November 1, 2019.
2. Interest of 4% on the Note Payable was not recorded during 2019. The note was obtained on January 1, 2019.
3. A count of supplies on December 31, 2019, shows $500 of supplies on hand.
4. A cash payment for $500 was incorrectly recorded to salaries expense but should have been recorded to rent expense.
5. No depreciation has been recorded for the 2019 fiscal year. Assume the furniture has a useful life of 10 years and the computer has a useful life of 8 years. Both have no salvage value. Record an entry for both non-current assets if the furniture uses the straight-line method and the computer uses the double-declining method.

REQUIRED Prepare adjusting journal entries, for the year ended December 31, 2019. Be sure to show all work and calculations.