Tarkington Freight Service provides delivery of merchandise to retail grocery stores in the Northeast. At the beginning of 2019, the following account balances were available:
|Prepaid Advertising||2,000||Accounts Payable||17,600|
|Accumulated Depreciation||Notes Payable (due in 2023)||1,000,000|
|Equipment||795,000||Retained Earnings, 12/31/2018||462,375|
During 2019 the following transactions occurred:
1a. Post the beginning balances and the transactions a-j to the following T-accounts. Note: If a T-accounts isn't needed, leave it blank.
1b. Prepare journal entries for transactions a through j. If no entry is required, select "No entry required" for all accounts and leave associated. Enter amounts in the same order as given in the list of transactions.
2. The following data are available for adjusting entries:
Prepare the adjustments using the adjusting entries data, prepare the adjusting journal entries.
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