You have been given the unadjusted trial balance for Hullie & Oates Company as of 12/31/11. Hullie & Oates Company prepare financial statements annually.

End of Period Worksheet
For the Year Ended December 31, 2011
	Unadjusted				Adjusted
Account Title	Trial Balance		Adjustments		Trial Balance
	DR	CR	DR	CR	DR	CR
Cash	36,000	-
Accounts Receivable	72,850	-
Allowance for Doubtful Accounts		2,000
Interest Receivable	-
Merchandise Inventory	160,500	-
Prepaid Insurance	18,000	-		-
Prepaid Advertising	48,000
Prepaid Rent	-
Store Supplies	4,250	-
Office Supplies	-	-
Note Receivable	24,000
Store Equipment	175,000	-
Accumulated Depreciation - Store Equipment	-	40,050
Office Equipment	80,000	-
Accumulated Depreciation - Office Equipment	-	17,200
Accounts Payable	-	85,200
Salaries Payable	-	-
Interest Payable	-	-
Unearned Rent	-	20,000
Note Payable (final payment due 2017)	-	146,000
Common Stock	-	60,000
Retained Earnings	-	110,500
Dividends	25,000	-
Sales	-	788,350
Sales Returns and Allowances	11,700	-
Sales Discounts	7,200	-
Cost of Goods Sold	457,200	-
Sales Salaries Expense	94,650	-
Advertising Expense		-
Depreciation Expense - Store Equipment	-	-
Store Supplies Expense	-	-
Miscellaneous Selling Expense	2,600	-
Office Salaries Expense	34,000	-
Rent Expense	10,200	-
Insurance Expense	-	-	-
Depreciation Expense - Office Equipment	-	-
Office Supplies Expense	6,500	-
Miscellaneous Administrative Expense	1,650	-
Rent Revenue	-	-
Interest Revenue
Interest Expense	-	-
Bad Debt Expense	-	-
	1,269,300	1,269,300

Your adjustments to be made are as follows: (I mostly need help with G,I,J, and K. but I also want to make sure I am doing the others correctly before I move on)

1. On the designated worksheet, prepare in journal entry form the adjusting journal entries for the following items. (Round all numbers to the nearest dollar)

a. On April 1, 2011 a 12-month insurance policy was purchased for $18,000.

b. On January 1, 2011 Hullie & Oates paid Gretsky Advertising $48,000 for two years of advertising services. Equal services are provided in year 1 and year 2.

c. Hullie & Oates needed some additional storage space so on November 1, 2011 they rented a unit for an annual rate of $10,200. The entire amount was expensed when paid.

d. $4,250 of store supplies were purchased during the year and the asset store supplies was increased. $3,850 of these supplies were used during the year.

e. $6,500 of office supplies were purchased during the year and were immediately expensed. $1,500 of these supplies remained at the end of 2011.

f. On July 1, 2011, Hullie & Oates issued a 9-month note receivable to Shanahan & Co. at an annual interest rate of 7%. Principle and interest will be paid at the end of the 9-months. The note was recorded in Notes Receivable and is the only note outstanding.

g. Depreciation for the year is based on the following:

• Straight line depreciation
• Store equipment