Question

Journalize following entries in 2014 Gen Journal using the following format.

3/31/2014 - Record the depreciation for all buildings for the year. Management estimates annual depreciation as the amount to the right.	13,259,717
3/31/2014 - Record the depreciation for all equipment for the year. Management estimates annual depreciation as the amount to the right.	12,730,809
3/31/2014 - Even though the Bond from event 3 above will not be paid this year, Tech Co needs to record an adjusting entry as of today. The company uses straight-line amortization for bond premiums and discounts.
3/31/2014 - Tech Co management estimated that, as of today, the total balance in Allowance for Doubtful Accounts should be equal 4.5% of the current balance in Accounts Receivable (i.e., they use the Balance Sheet method).
3/31/2014 - Management calculated that the company owes interest (in the amount to the right) on its Notes Payable. Interest will be paid in future years.	1,533,748
3/31/2014 - Tech Co performed its annual inventory count for its periodic inventory. The total cost of ending inventory in the warehouse is listed to the right. Record all necessary adjustments related to ending inventory in this periodic environment.	1,438,773,206

*Allowance for Doubtful Accounts is credited 4,771,739 at the start of the month. There is no amount given for transaction 3, so if it not possible then please skip and do others.

Date

Account Name (and note)

Debit

Credit

Answer 1

Date	Particulars	Debit	Credit
3/31/2014	Depreciation	13259717
	Building		13259717
3/31/2014	Depreciation	12730809
	Equipment		12730809
3/31/2014	Statement of Profit &loss	25990526
	Depreciation-building		12730809
	Depreciation -equipment		13259717
3/31/2014	Bad debt expense	4771739
	allowance for Bad debts		4771739
3/31/2014	Interest expense	1533748
	Interest payable		1533748
3/31/2014	Ending Inventory	1438773206
	Trading account		1438773206