The unadjusted trial balance at December 31, 2024, and the year-end adjustment data for Swift Creek Engineering are presented below:

Additional information:
1. Services of $10,440 were provided but unrecorded and uncollected as at December 31, 2024.
2. On June 1, the company purchased a one-year insurance policy.
3. Depreciation on the equipment for 2024 is $2,780.
4. A count on December 31, 2024, showed $1,750 of supplies on hand.
5. The four-month, 4% note receivable was issued on October 1, 2024. Interest and principal are payable on the maturity date.

Instructions
Prepare the work sheet for the year ended December 31, 2024.

Transcribed Image Text:

Cash Accounts receivable Supplies Prepaid insurance Notes receivable SWIFT CREEK ENGINEERING Trial Balance December 31, 2024 Equipment Accumulated depreciation-equipment Accounts payable H. Duguay, capital H. Duguay, drawings Service revenue Salaries expense Debit $ 8,450 6,250 5,260 7,440 12,000 27,800 53,500 39,400 $160,100 Credit $ 8,340 4,560 34,900 112,300 $160,100