Select Accounts of Pete's Pizza Are Shown Below as of the End

Short Answer

Select accounts of Pete's Pizza are shown below as of the end fiscal 2017, before any accounts have been adjusted for the current fiscal year.
Your analysis reveals additional information as follows:
$\bullet$ The cost of inventory items on hand is $69,600.
$\bullet$ Employee wages earned prior to year-end were $23,400. These will not be paid until the 2018 fiscal year.
$\bullet$ The unexpired portion of the company's insurance policy at year end was $13,800.
$\bullet$ The company's tax accountant reports that the company will owe $162,000 for income taxes for fiscal 2017.
Prepare journal entries for any required accounting adjustments.