Langer Company prepared the following partially completed worksheet for the year ended December 31, 2007:
Accounts receivable $2,700 (debit); allowance for doubtful accounts 30 (credit); note receivable (due 5/1/08) 1,200 (debit); Buildings and equipment 20,600 (debit); accumulated depreciation 8,790 (credit); accounts payable 4,050 (credit); notes payable (due 4/1/2010) 4,000 (credit); rent revenue 550 (credit); cost of goods sold 9,050 (debit); salaries expense 2,750 (debit); heat and light expense 820 (debit)
What are adjustments and adjusted trial balance for the following: (a) salaries accrued but unpaid total $250; (b) the $80 heat and light bill for December has not been recorded or paid; (c) depreciation expense totals $810 on the buildings and equipment; (d) interest accrued on the note payable totals $380 (this will be paid when the note is repaid); (e) the company leases a portion of its floor space to Specialty Company for $50 per month, and Company has not yet paid its December rent; (f) interets accrued on the note receivable totals $80; (g) bad debts expense is $70; and (h) the income tax rate is 30% on current income and is payable in the first quarter of 2008.