The trial balance of Peoples Choice Wholesale Company contained the following accounts shown at December 31, the end of the companys fiscal year.

PEOPLES CHOICE WHOLESALE COMPANY Trial Balance December 31, 2017
		Debit		Credit
Cash		$ 70,650
Accounts Receivable		84,600
Inventory		157,500
Land		207,000
Buildings		450,000
Accumulated DepreciationBuildings				$ 135,000
Equipment		187,875
Accumulated DepreciationEquipment				91,125
Notes Payable				123,075
Accounts Payable				39,375
Common Stock				360,000
Retained Earnings				151,200
Dividends		22,500
Sales Revenue				2,074,725
Sales Discounts		13,500
Cost of Goods Sold		1,597,275
Salaries and Wages Expense		115,425
Utilities Expense		25,650
Maintenance and Repairs Expense		20,025
Advertising Expense		11,700
Insurance Expense		10,800
Totals		$2,974,500		$2,974,500

Adjustment data:

1.		Depreciation is $18,000 on buildings and $15,750 on equipment. (Both are operating expenses.)
2.		Interest of $10,125 is due and unpaid on notes payable at December 31.
3.		Income tax due and unpaid at December 31 is $54,000.

Other data: $33,750 of the notes payable are payable next year.

Journalize the adjusting entries. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.