The following transactions occurred during December. Dec. 2 Purchased equipment for $28,800, plus sales taxes of $1,440 (paid in cash). 2 Flint sold for $6,300 equipment which originally cost $9,000. Accumulated depreciation on this equipment at January 1 , 2025 , was $3,240;2025 depreciation prior to the sale of equipment was $1,485. 15 Flint sold for $9,000 on account inventory that cost $6,300. (Flint records sales under a perpetual inventory system.) 23 Salaries and wages of $11,880 were paid. Adjustment data: 1. Flint estimates that uncollectible accounts receivable at year-end are $7,200. 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 \$6,480, 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 $54,000. 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 $3,240. 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.) Date No. 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 $3,960. 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 $27,000. It was unpaid at December 31. Flint Cornoration's unadiusted trial halance at Deremher 1. 2025 . is nresented below. (To record cost of goods sold.) 1. 2. 3. 4. 5. 6. 7. 8. 9. 10