The following information is from the trial balance of the Basil Herb Company. 
(All of the above accounts have their normal debit or credit balances.)
Required:
Prepare adjusting journal entries at year end, December 31, 2014, for the Basil Herb Company using the following supplemental information.
Definitions:
Price of Capital
The cost of using capital goods, which can be reflected in interest rates, rental rates, or the opportunity cost of using one's own capital.
South Africa
A country located at the southernmost tip of Africa, known for its diverse culture, languages, and landscapes, as well as its rich history.
Price of Beef
The amount of money required to purchase a specific quantity of beef in a market.
Argentina
A country located in the southern half of South America, known for its diverse geography and rich cultural history.
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