year-end adjustment journal entries....

2. There is $4,000 of wages owed to employees at year-end. 3. A count of the supplies at year-end revealed that $2,000 of supplies are on hand. The inventory balance in the general ledger does not require an adjustment because it equals the inventory that is available for sale. 4. The building asset on the trial balance is being depreciated over 20 years with an estimated residual value of $10,000. Cozy Fireplaces Inc. purchased the building on January 3, 2020. 5. The bank loan on the trial balance was taken out on April 1, 2020. The first interest payment is due on April 1, 2021. The annual interest rate is 5\%. Bank loan is due April 1, 2025 6. Aging of Accounts receivable is 130 days $15,000,31 to 45 days $12,000, and over 45 days is $2,000. Management estimates that 30% of the accounts receivables over 45 days will not be collectible