Adiusting Entrv Information for $\frac{12}{31}\frac{?}{16}$ :

a$.$ Record depreciation on the office equipment purchased mid$-$year in $2014$ using the straight line method. Office equipment cost is $60,000,$ residual value is $0,$ and useful life is $5$ years.

b$.$ Record depreciation on the store equipment purchased mid$-$vear in $2014$ using the straight line method. Store equipment cost is $40,000,$ residual value is $0,$ and useful life is $5$ years.

c$.$ Record depreciation on the shop equipment purchased mid$-$year in $2012$ using the straight line method. Shop equipment cost is $185,600,$ residual value is $0,$ and useful life is $10$ years.

d$.$ A physical inventory count of the merchandise inventory reveals inventory of $$205,000.$

e$.$ It is determined through a physcial count that $$2,500$ of office supplies has been used throughout the year.

f$.$ Salaries need to be accrued:

Sales Salaries $-$$$5,000$

Service Salaries $-$$$2,000$

Office Salaries $-$ $$1,500$

g$.$ It is determined through a review of company insurance policies and payments that $$1,800$ of insurance has been used throughout the year.

h$.$ Interest on the note payable needs to be accrued. The note has a $5-$year term, was signed on April $1,2016,$ and has an annual interest rate of $8\%.$