(Adjusting Entries) Current Yr

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(Adjusting Entries) Current Yr. Dec. 31 (1) Salaries Expense 12.800 12.800 Salaries Payable To record accrued salaries at December 31. 31 75 75 Depreciation Expense: it equipment Accumulated Depreciation: it equipment To record December depreciation expense ($3600 = 48 months). 31 Depreciation Expense: Furniture and Fixtures 6666,68 6666,68 Accumulated Depreciation: Furn. & fixtures To record December depreciation expense ($640,000: 96 months). 31 800 800 Insurance Expense Unexpired Insurance To record December insurance expense ($9600x 1/12). 31 Interest Expense 1200 Interest Payable 1200 To record accrued interest expense in December ($2,400,000 x 6% x 1/12). 5 non lo so 31 21.800 Income Taxes Expense Income Taxes Payable To record income taxes accrued in December. 21.800