- The data below concerns adjustments to be made at the Amsterdam Company Adjustment data a. On October 1, 20x1, the firm paid rent of $3,300 in advance for a 5-month period, b. A total of $2.300 should be recorded as depreciation of equipment for 20XL c. On December 31, 20x1, the firm owed salaries of $8.000 that will not be paid until January 20X2. d. On December 31, 20x1, the firm owed the employer's social security (6.2%) and Medicare (145) taxes on all of the accrued salaries 1. Record the adjusting entries in the general journal as of December 31, 20X1. Record reversing entlos in the general journal as of January 1, 20X2 View transaction 1 Record adjusting entry to record expired rent 2 Record adjusting entry for depreciation Record adjusting entry for accrued salaries 4 Record adjusting entry for accrued payroll taxes Credit 5 Record entry to reverse salaries payable adjusting entry Record entry to reverse payroll taxes on accrued salaries