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Riverbed Corps unadjusted trial balance at December 1, 2022, is presented below.

	Debit		Credit
Cash	$23,600
Accounts Receivable	34,800
Notes Receivable	10,700
Interest Receivable	0
Inventory	32,700
Prepaid Insurance	3,600
Land	20,400
Buildings	138,000
Equipment	58,000
Patent	9,900
Allowance for Doubtful Accounts			$500
Accumulated DepreciationBuildings			46,000
Accumulated DepreciationEquipment			23,200
Accounts Payable			26,500
Salaries and Wages Payable			0
Notes Payable (due April 30, 2023)			10,500
Income Taxes Payable			0
Interest Payable			0
Notes Payable (due in 2028)			34,900
Common Stock			51,000
Retained Earnings			22,000
Dividends	11,500
Sales Revenue			960,000
Interest Revenue			0
Gain on Disposal of Plant Assets			0
Bad Debt Expense	0
Cost of Goods Sold	656,000
Depreciation Expense	0
Income Tax Expense	0
Insurance Expense	0
Interest Expense	0
Other Operating Expenses	57,400
Amortization Expense	0
Salaries and Wages Expense	118,000
Total	$1,174,600		$1,174,600

The following transactions occurred during December.

Dec. 2		Purchased equipment for $15,800, plus sales taxes of $800 (paid in cash).
2		Riverbed sold for $3,400 equipment which originally cost $5,400. Accumulated depreciation on this equipment at January 1, 2022, was $1,800; 2022 depreciation prior to the sale of equipment was $775.
15		Riverbed sold for $4,500 on account inventory that cost $3,500.
23		Salaries and wages of $6,700 were paid for December.

Adjustment data:

1.		Riverbed estimates that uncollectible accounts receivable at year-end are $4,400.
2.		The note receivable is a 1-year, 8% note dated April 1, 2022. No interest has been recorded.
3.		The balance in prepaid insurance represents payment of a $3,600, 6-month premium on September 1, 2022.
4.		The building is being depreciated using the straight-line method over 30 years. The salvage value is $33,000.
5.		The equipment owned prior to this year is being depreciated using the straight-line method over 5 years. The salvage value is 10% of cost.
6.		The equipment purchased on December 2, 2022, is being depreciated using the straight-line method over 5 years, with a salvage value of $1,600.
7.		The patent was acquired on January 1, 2022, and has a useful life of 9 years from that date.
8.		Unpaid salaries at December 31, 2022, total $2,000.
9.		Both the short-term and long-term notes payable are dated January 1, 2022, and carry a 10% interest rate. All interest is payable in the next 12 months.
10		Income tax expense was $16,000. It was unpaid at December 31.

stion 1 of 1 4.11/25 amounts. Record journal entries in the order presented in the problem.) Date Debit Cred Account Titles and Explanation Equipment Dec 2 v 16600 Cash Dec 2 Depreciation Expense 775 Accumulated Depreciation Equipment To record depreciation expense on equipment.) Cash 3400 Accumulated Depreciation Equipment Equipment Gain on Disposal of Plant Assets (To record sale of equipment.) Accounts Receivable Dec. 15 4500 Sales Revenue (To record sales revenue.) Dec. 23 Salaries and Wages Expense 6.700 Cash Dec. 31 1. Bad Debt Expense Allowance for Doubtful Accounts 2. Interest Receivable Interest Revenue 3. Insurance Expense Prepaid Insurance Depreciation Expense Accumulated Depreciation-Buildings 5. Depreciation Expense Accumulated Depreciation Equipment Depreciation Expense 6. Accumulated Depreciation Plant Assets 7. Amortization Expense o . E 3 5. Depreciation Expense Accumulated Depreciation Equipment 6. Depreciation Expense Accumulated Depreciation-Plant Assets 7. Amortization Expense Patents 8 . Salaries and Wages Expense 2,000 Salaries and Wages Payable 9. Interest Expense Interest Payable 10. Income Tax Expense 16000 Income Taxes Payable

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