no entry is required, select "No entry" for the account titles and enter 0for the amounts) Bad debt expense is estimated to be $1,493. Equipment is depreciated based ona 7-year life (no salvage value). 1. 2 Insurance expired during the year $2,784. 3. 4. Interest accrued on notes payable $3,687 5. Sales salaries and wages earned but not paid $2,240. 6. Advertising paid in advance $632. 7. Office supplies on hand $1,460, charged to Supplies Expense when purchased. Credit Debit No. Account Titles and Explanation 1493 Bad Debt Expense 1. 1493 Allowance for Doubtful Accounts 2. 13000 Depreciation Expense Accumulated Depreciation-Equipment 13000 3. Insurance Expense 2784 Prepaid Insurance 2784 4 Interest Expense 3687 Interest Payable 3687 5. Salaries and Wages Expense 2240 Salaries and Wages Payable 2240 6. Prepaid Advertising 632 Advertising Expense 632 7 Supplies 1460 yplus.com/courses/27806/assignments/2962003 Prepaid Advertising 632 6. 632 Advertising Expense 1460 Supplies 7. 1460 Supplies Expense eTextbook and Media List of Accounts Post adjusting journal entries to the T-accounts. Cash 20,700 Bal. Inventory 84,250 Bal. Prepaid Insurance 6,240 Adj. 2784 Bal. Common Stock Bal. 77,077 Salaries and Wages Expense (Sales) 55,500 Bal. Adj.: 2240 Bad Debt Expense Post adjusting journal entries to the T-accounts. Cash 20,700 Bal. Inventory 84,250 Bal. Prepaid Insurance 6,240 Adj. 2784 Bal Common Stock 77,077 Bal. Salaries and Wages Expense (Sales) 55,500 Bal. Adj. 2240 Bad Debt Expense Adj 1493 Interest Payable Supplies Retained Earnings Bal. 10,220 Accounts Receivable 38,200 Bal. Equipment 91.000 Bal. Notes Payable MacBook Air 44 FT FS yplus.com/courses/27806/assignments/2962003 AUJ. Z240 Bad Debt Expense 1493 Adj. Interest Payable Supplies Retained Earnings Bal. 10,220 Accounts Receivable 38,200 Bal. Equipment 91,000 Notes Payable Bal. Bal. 25,520 Sales Revenue Bal. 730,951 Advertising Expense Bal. 6,920 Supplies Expense Bal. 4,570 Depr. Exp. Salaries and Wages Payable Cost of Goods Sold Bal. 502,400 Student Pro9 Goldman Sachs ourses/27806/assignments/2962003 Supplies Expense 4,570 Bal. Depr. Exp. Salaries and Wages Payable Cost of Goods Sold 502,400 Bal. Allow. for Doubtful Accts. Bal. 632 Accum. Depr.-Equipment Bal. 32,420 Interest Expense Insurance Expense Salaries and Wages Expense (Administrative Bal. 67,040 Prepaid Advertising