The information listed below was obtained from the accounting records of williams company as of dec. 31, 2013 the end of the company's fiscal year'

a) On August 1, 2013, the company borrowed $120,000 from the Bank of Wistful Vista. The loan was for 12 months at 9 percent interest payable at maturity date.

b) Finished goods inventory on January 1, 2013 was $200,000 and on Dec. 31, 2013 it was $260,000. Cost of goods sold was 2,400,000 the company uses a perpetual inventory system

c) The company owned some property (land) that was rented to J. McArthur on April 1, 2013 for 12 months for $8,400. On April 1, the entire rental of $8400 was credited to rent collected in advance and cash was debited.

d) On Sept. 1, 2013 the company loaned $60000 to an outside party. The loan was at 10 percent per annum and was due in six months; interest is payable at maturity. Cash was credited for 60000 and notes receivable was debited on sept. 1 for the entire ammount

e) Accrued salaries and wages are $18000 at Dec 31 2013

f) On January 1 2013 factory supplies on hand equaled $200. During 2013 factory supplies costing $4000 were purchased and debited to factory supplies inventory. At the end of 2013, a physical inventory count showed that factory supplies on hand equaled $800

Prepare journal entries to adjust the books of Williams Company at Dec 31 2013