The following transactions occurred during December.

Dec. 2		Purchased equipment for $23,680, plus sales taxes of $1,184 (paid in cash).
2		Pina sold for $5,180 equipment which originally cost $7,400. Accumulated depreciation on this equipment at January 1, 2022, was $2,664; 2022 depreciation prior to the sale of equipment was $1,221.
15		Pina sold for $7,400 on account inventory that cost $5,180.
23		Salaries and wages of $9,768 were paid.

Adjustment data:

1.		Pina estimates that uncollectible accounts receivable at year-end are $5,920.
2.		The note receivable is a one-year, 8% note dated April 1, 2022. No interest has been recorded.
3.		The balance in prepaid insurance represents payment of a $5,328, 6-month premium on September 1, 2022.
4.		The building is being depreciated using the straight-line method over 30 years. The salvage value is $44,400.
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, 2022, is being depreciated using the straight-line method over 5 years, with a salvage value of $2,664.
7.		The patent was acquired on January 1, 2022, and has a useful life of 9 years from that date.
8.		Unpaid salaries at December 31, 2022, total $3,256.
9.		Both the short-term and long-term notes payable are dated January 1, 2022, and carry a 10% interest rate. All interest is payable in the next 12 months.
10		Income tax expense was $22,200. It was unpaid at December 31.

Given this information, Prepare journal entries for the transactions listed above and adjusting 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.)

Pina Colada Corp's unadjusted trial balance at December 1, 2022, is presented below. Debit Credit Cash $32.560 Accounts Receivable 54,464 Notes Receivable 14,800 Interest Receivable 0 Inventory 53.576 Prepaid Insurance 5,328 Land 29,600 Buildings 222.000 Equipment 88,800 Patent 13,320 Allowance for Doubtful Accounts $740 Accumulated Depreciation- Buildings 74.000 Accumulated Depreciation- Equipment 35.520 Accounts Payable 40.404 Salaries and Wages Payable 0 0 Notes Payable (due April 30, 2023) 16,280 Income Taxes Payable 0 Interest Payable 0 Notes Payable (due in 2028) 51.800 Common Stock 74.000 Retained Earnings 94.128 Dividends 17,760 Sales Revenue 1,332.000 Interest Revenue 0 Gain on Disposal of Plant Assets 0 Bad Debt Expense 0 Cost of Goods Sold 932,400 Depreciation Expense 0 Income Tax Expense 0 Insurance Expense 0 Interest Expense 0 Other Operating Expenses 91,464 Amortization Expense 0 Salaries and Wages Expense 162,800 Total $1,718,872 $1,718,872 Equipment 24864 Cash 24864 ] Depreciation Expense 1.221 Accumulated Depreciation-Equipment 1.221 (To record depreciation expense on equipment.) Cash 5.180 Accumulated Depreciation Equipment 3885 Gain on Disposal of Plant Assets 1665 Equipment 7,400 ( (To record sale of equipment.) Accounts Recevable 7,400 Sales Revenue 7,400 To record sales revenue. Cost of Goods Sold 5,180 Inventory 5.180 (To record cost of goods sold.) Salarles and Wages Expense 9,768 Cash 9,768 ] 1. Bad Debt Expense 5180 Allowance for Doubtful Accounts 5180 2. Interest Recevable 888 Interest Revenue 888 3. Insurance Expense 3552 Prepald Insurance 3552 4 Depreciation Expense 5920 Accumulated Depreciation-Bulldings 5920 5. Depreciation Expense 14652 Accumulated Depreciation-Equipment 14652 6. Depreciation Expense 370 Accumulated Depreciation Equipment 370 7 Amortization Expense 1480 Patents 1480 8. Salaries and Wages Expense 3.256 Salaries and Wages Payable 3,256 9. Interest Expense 6808 Interest Payable 6808 10. Income Tax Expense 22,200 Income Taxes Payable 22,200 Prepare an adjusted trial balance at December 31, 2022. PINA COLADA CORP. Adjusted Trial Balance Debit Credit $ Totals $