Santiago Company has provided data for the year-end adjustments as follows: Factory overhead to be applied to work in process ending inventory$14,687Interest receivable1,554Office supplies used5,807Factory supplies used8,611Provision for uncollectible accounts (based on percentage of sales)11,734Insurance expired on factory building and equipment2,734Depreciation on factory building16,490Depreciation on factory equipment6,608​Required:Prepare the year-end adjusting entries in general journal form.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Santiago Company has provided data for the year-end adjustments as follows:

Factory overhead to be applied to work in process ending inventory
$14,687
Interest receivable
1,554
Office supplies used
5,807
Factory supplies used
8,611
Provision for uncollectible accounts (based on percentage of sales)
11,734
Insurance expired on factory building and equipment
2,734
Depreciation on factory building
16,490
Depreciation on factory equipment
6,608

Required:
Prepare the year-end adjusting entries in general journal form.

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