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Ortiz Company data for the end of the year adjustments are shown.
| Factory overhead to be applied to work in process ending inventory | $7,780 |
| Estimate of this year's sales that will be returned next year (remaining balance from last year = $130) | 770 |
| Cost of goods expected to be returned (remaining balance from last year = $85) | 490 |
| Interest receivable | 435 |
| Provision for uncollectible accounts (based on percentage of sales) | 3,876 |
| Office supplies consumed | 750 |
| Factory supplies consumed | 4,160 |
| Insurance expired on factory building and equipment | 3,200 |
| Depreciation on factory building | 6,800 |
| Depreciation on factory equipment | 4,200 |
Required:
| | Prepare the December 31 adjusting journal entries for Ortiz Company. |
Prepare the December 31 adjusting journal entries for Ortiz Company.
General Journal Instructions
PAGE 1
GENERAL JOURNAL
| | DATE | ACCOUNT TITLE | POST. REF. | DEBIT | CREDIT |
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