Yl' end 3017 Trill Bil-nee Number 3018 Trinl Bllnnne Normal Mnnthly Transit-jinn; 1311 Q \"11 D_R C_R Accounts Receivable 269,500 314,500 Allowance for Bad Debts 30,000 Aocumlated Depreciation- Building 69,000 Amhted Depreciation Equipment 40,000 Amortization Expense 5,500 Building 462,000 462,000 Cash 100,000 121,350 Dividends Equipment 167,230 162,230 Goodwill 24,000 24,000 Patents 47,200 41 ,700 Merchandise Inventory 255,300 301,000 Land 125,000 12 5,000 Long-Term Invesinmis 86,000 126,000 PLeEaid Insurance 8,000 5,800 23 Accounts Pable 220,000 24 Bands Payable 25 Unnamed Revenue 10,000 26 Interest Payable Z? Cmmuon Stock 5$5Parg 840,000 840,000 28 Paid-in Capital in Excess of Par Value 50,000 50,000 29 Retained Earnings 295,730 295,730 30 Sales 799,920 31 Sales Discounts 8,000 32 Bad Debt Expense mun-lbw 31 32 33 35 36 3? 3B 39 41 42 43 u- aneldl'l'f'l'riilllillmee m E Norm-I Mnnlly Trnmcnm D_R C_R Sales Discounts Bad Debt Ex use Cost of Goods Sold Depreciation Expense- Building Depreciation Expense- qupmmt hteIes'l Expense Insurance Expense Gaim'Lms on Sale of eqpmeui Rent E ease Utilities Ex se Wages & Salaries Expense Totals 51423!\" 51.5:15319 Karma] Journal Entries REQUIRED: Leave a blanlt line between each juurnal entriir and total the DH and CR columns at line end of all the entries. Date DH CR 1-Dec Cash 500,000 Common Stock 500,000 1-Dec Rent Expense 5,000 Cash 5,000 1-Dec Cash 100,000 Bends Payable 100,000 3-Dec Merchandise Intren'cc-riiI 500,000 Accounts Payable 500,000 5-Dec Cash 25,000 Land 25,0E B-Dec Cash 12,000 Accumulated Depreciatian 25,000 L055 en 5ale cf Equipment 3,000 Equipment 40,000 5-Dec Equipment 50,000 Cash SEEM \fAdjusting Entries: Accrue interest on bonds issued on December 1. Depreciation expense for the month is $909 for building and $509 for equipment. Accrue sales of $25,000 with a cost of goods of $10,000. Prepaid insurance of $800 expired in December. Unearned revenue of $9,000 with a cost of $6,000 was earned during December. Patent amortization for the month $500. Allowance for bad debt is 5 percent of accounts receivable balance rounded to the nearest dollar. HF'P'PP'E'JL