A 6-column spreadsheet for Baldwin Company is shown below:

Baldwin Company End-of-Period Spreadsheet For Year Ended December 31, 20-1
	Trial Balance		Adjustments		Adjusted Trial Balance
Account Title	Debit	Credit	Debit	Credit	Debit	Credit
Cash	41,200				41,200
Government Notes	6,000				6,000
Interest Receivable			(d) 130		130
Accounts Receivable	32,000				32,000
Allowance for Doubtful Accounts		920		(f) 1,500		2,420
Finished Goods Inventory	21,000				21,000
Work in Process Inventory	10,100		(a) 3,600		13,700
Materials Inventory	9,100				9,100
Estimated Returns Inventory	75		(c) 640		715
Office Supplies	4,200			(g) 3,600	600
Factory Supplies	5,200			(h) 4,200	1,000
Prepaid Insurance	6,300			(i) 5,100	1,200
Land	80,000				80,000
Factory Building	120,000				120,000
Accum. DepreciationFactory Building		20,000		(j) 5,000		25,000
Factory Equipment	50,000				50,000
Accum. DepreciationFactory Equipment		8,000		(k) 4,000		12,000
Accounts Payable		16,400				16,400
Customer Refunds Payable		120		(b) 1,130		1,250
Income Tax Payable				(m) 5,900		5,900
Interest Payable				(e) 1,200		1,200
Bonds Payable		90,000				90,000
Capital Stock		60,000				60,000
Paid-In Capital in Excess of Par		40,000				40,000
Retained Earnings		46,790				46,790
Sales		406,445				406,445
Sales Returns and Allowances	6,200		(b) 1,130		7,330
Interest Revenue		600		(d) 130		730
Factory Overhead	91,800	105,200	(h) 4,200	(a) 3,600	110,100	110,100
			(i) 5,100	(l) 1,300
			(j) 5,000
			(k) 4,000
Cost of Goods Sold	203,600		(l) 1,300	(c) 640	204,260
Salaries Expense	80,000				80,000
Office Supplies Expense			(g) 3,600		3,600
Bad Debt Expense			(f) 1,500		1,500
Utilities ExpenseOffice	6,700				6,700
Interest Expense	8,000		(e) 1,200		9,200
Income Tax Expense	13,000		(m) 5,900		18,900
	794,475	794,475	37,300	37,300	818,235	818,235
					441,590	517,275
Net Income					75,685

Data for adjusting the accounts are as follows:

(a) Factory overhead to be applied to work in process ending inventory	$3,600
(b) Estimate of this year's sales that will be returned next year	1,250
(c) Cost of goods expected to be returned	715
(d) Interest receivable	130
(e) Interest payable	1,200
(f) Estimate of uncollectible accounts, based on an aging of accounts receivable	2,420
(g) Office supplies consumed	3,600
(h) Factory supplies consumed	4,200
(i) Insurance on factory building and equipment expired	5,100
(j) Factory building depreciation	5,000
(k) Factory equipment depreciation	4,000
(l) Underapplied factory overhead	1,300
(m) Provision for corporate income taxes	5,900

Required:

1. Prepare the December 31 adjusting journal entries for Baldwin Company.

Page:

	DATE	ACCOUNT TITLE	DOC. NO.Q	POST. REF.	DEBIT	CREDIT
		ADJUSTING ENTRIES					1
1	Dec. 31	Work in Process Inventory			????		2
		Factory Overhead				????	3
		(Apply factory overhead to work in process)					4
2	Dec. 31	Sales Returns and Allowances			?????		5
		Customer Refunds Payable				????	6
		(Adjust Customer Refunds Payable to current estimate)					7
3	Dec. 31	Estimated Returns Inventory			????		8
		Cost of Goods Sold				?????	9
		(Adjust Estimated Returns Inventory to current estimate)					10
4	Dec. 31	Interest Receivable			?????		11
		Interest Revenue				??????	12
		(Record interest earned)					13
5	Dec. 31	Interest Expense			????		14
		Interest Payable				???	15
		(Record interest expense)					16
6	Dec. 31	Bad Debt Expense			?????		17
		Allowance for Doubtful Accounts				??????	18
		(Adjust estimate of uncollectible accounts)					19
7	Dec. 31	Office Supplies Expense			?????		20
		Office Supplies				?????	21
		(Adjust office supplies)					22
8	Dec. 31	Factory Overhead (Factory Supplies Exp.)			????		23
		Factory Supplies				????	24
		(Record actual factory overhead: Supplies)					25
9	Dec. 31	Factory Overhead (Factory Bldg. and Eq. Ins. Exp.)			????		26
		Prepaid Insurance				????	27
		(Record actual factory overhead: Insurance)					28
10	Dec. 31	Factory Overhead (Depr. Exp.-Factory Bldg.)			????		29
		Accumulated Depreciation-Factory Building				????	30
		(Record actual factory overhead: Depreciation Building)					31
11	Dec. 31	Factory Overhead (Depr. Exp.-Factory Equip.)			????		32
		Accumulated Depreciation-Factory Equipment				????	33
		(Record actual factory overhead: Depreciation Equipment)					34
12	Dec. 31	Cost of Goods Sold			???????		35
		Factory Overhead				????????	36
		(Record over- or underapplied factory overhead)					37
13	Dec. 31	Income Tax Expense			?????		38
		Income Tax Payable				????????	39
		(Record provision for income taxes)					40