Santiago Company has provided data for the year-end adjustments as follows:

Factory overhead to be applied to work in process ending inventory $14,687

Interest receivable 1,554

Office supplies used 5,807

Factory supplies used 8,611

Provision for uncollectible accounts (based on percentage of sales) 11,734

Insurance expired on factory building and equipment 2,734

Depreciation on factory building 16,490

Depreciation on factory equipment 6,608

Prepare the year-end adjusting entries in general journal form.

J1

Work In Process $14,687 (debit)

Overheads $14,687 (credit)

J2

Interest receivable $1,554 (debit)

Interest Income $1,554 (credit)

J3

Office supplies $ 5,807 (debit)

Cash $ 5,807 (credit)

J4

Work In Process $8,611 (debit)

Cash $8,611 (credit)

J5

Bad Debts 11,734 (debit)

Allowance for Doubtful Debts 11,734 (credit)

J6

Work In Process: Insurance $2,734 (debit)

Cash $2,734 (credit)

J7

Depreciation : factory building 16,490 (debit)

Accumulated Depreciation : factory building 16,490 (credit)

J8

Depreciation : factory equipment 6,608 (debit)

Accumulated Depreciation : factory equipment 6,608 (credit)

Explanation:

Record the Journal Entries appropriately in the Work In Process Account.