The following trial balance was taken from the books of XYZ Corporation on December 31, 2020.

Instructions:

1. Prepare XYZs adjusting entries for through e.

Credit Debit $ 15,300 60,000 3,000 5,200 180,000 Account Cash Accounts Receivable Supplies Prepaid Insurance Buildings Accumulated DepreciationBuildings Accounts Payable Notes Payable Common Stock Retained Earnings Dividends Sales Cost of Goods Sold Salaries Expense Utilities Expense Rent Expense Totals 24,000 10,700 7,200 64,000 23,000 2,500 318,000 119,000 36,000 1,900 24,000 $446,900 $446,900 a. At year end, the following items have not yet been recorded. Insurance expired during the year, $5,200. b. An inventory count shows $1,150 of supplies on hand. c. Depreciation on buildings, 10% per year. d. Interest at 5% to be paid on the note for one full year. Accrued salaries at December 31, $11,800. e