Transactions During the year 20X1, Sampson Company had net credit sales of $1,010,000. Past experience shows that 0.5 percent of the firms net credit sales result in uncollectible accounts. Equipment purchased by Park Consultancy for $25,520 on January 2, 20X1, has an estimated useful life of 8 years and an estimated salvage value of $1,200. What adjustment for depreciation should be recorded on the firms worksheet for the year ended December 31, 20X1? On December 31, 20X1, Giant Plumbing Supply owed wages of $5,100 to its factory employees, who are paid weekly. On January 2, 20X1, Hitech Computer Consultants purchased flash drives, paper, and other supplies for $6,260 in cash. On December 31, 20X1, an inventory of supplies showed