The trial balance of Skysong Wholesale Company contained the following accounts shown at December 31, the end of the company's fiscal year. SKYSONG WHOLESALE COMPANY Trial Balance December 31,2022 Debit Credit Cash $31,100 Accounts Receivable 38,900 Inventory 71,800 Land 91.300 Buildings 199,300 Accumulated Depreciation-Buildings $59,300 Equipment 82,800 Accumulated Depreciation-Equipment 39,800 Notes Payable Accounts Payable Common Stock 54,000 16.800 159,300 Retained Earnings 66,500 Dividends 9.300 Sales Revenue 921,400 Sales Discounts 5.300 Cost of Goods Sold 709,200 Salaries and Wages Expense 50,600 Utilities Expense 10,700 Maintenance and Repairs Expense 8.200 Advertising Expense 4,500 Insurance Expense 4.100 $1.317.100 $1,317,100 Maintenance and Repairs Expense Advertising Expense 10,700 8,200 Insurance Expense 4,500 4,100 $1,317,100 $1,317,100 Adjustment data: 1 Depreciation is $7,300 on buildings and $6,300 on equipment. (Both are operating expenses.) 2 Interest of $3,800 is due and unpaid on notes payable at December 31. 3. Income tax due and unpaid at December 31 is $23,300. Other data: $14,300 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 O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation. 1. Debit Credit I 2. N 3