The trial balances before and after adjustments for Old Julian Calendars at the end of its fiscal year are presented below. 
Instructions
Prepare the adjusting entries that were made.
Definitions:
Capital Structure
The specific mix of debt and equity that a company uses to finance its overall operations and growth.
Production Cycle
The entire process of producing goods, from the acquisition of raw materials to the final product, within a company.
Cash Collection
The process of receiving and managing payments from customers or clients for goods or services provided.
Common-Size Balance Sheet
A balance sheet that displays each line item as a percentage of total assets, facilitating comparison with other companies regardless of size.
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