- tidson 39. The account balances before adjustments for Bridges, Rivera & Ogbeide (BRO Corp) as of December 31" 2017 are as follows: Cash $20,505 Salary Expense $161,000 Accounts Rec 18,745 Prepaid Insurance 15,000 Supplies 17,300 Accounts Payable 22,700 S&S, Drawings 2,800 S&S, Capital 35,350 Utilities Expense 1,500 Sales Revenue 264,500 Accum Depr 12,000 Equipment 97,700 Band The following are necessary adjustments that the accountants Jonathan, Joselyne & Jonathan must make to bring BRO Corp. accounts up to date for December 31" 2017 so that the financial statements can be issued. a. Year end supplies was $6,500. b. Bi-weekly salaries of $8,000 are paid on Friday January 12 2018 for the previous two weeks ending Friday January 5", the year ended on a Sunday. c. Depreciation for the year was $3,000. d. Cash sales of $5,400 were not yet posted to the ledger. e. Insurance expense for the year was $12,000. f. A check arrived on Friday December 29 as payment for an outstanding invoice of $3,745. g. The accounts payable balance was $16,800. Required: Prepare the adjusting journal entries. State the amount in the year end adjusted balances in the Cash, Accounts Receivable, Accumulated Depreciation, Accounts Payable, Salaries Payable, Prepaid Insurance and Sales Revenue accounts and in each case indicate whether it is a debitor credit balance. (Hint: It may be helpful to prepare T-accounts) Extra credit: prepare the trial balance after these adjustments; check $341,050 add a