1 3 27 A37 Format Painter Clipboard A si 9 fx Font 51 Denmark Consulting B C December 31, 2021 Year-End 28 Important Information: 29 This company uses the alternative form of adjusting entries. 30 31 1. The company has completed consulting services as of December 31, 2021 that was not billed until January 16, 2022. The customer paid the invoice on January 31, 2022. 32 The amount of services completed as of Dec 31st: 33 $ 3,323 2. The insurance account represents a one-year insurance policy. The 34 policy was purchased on April 1, 2021. 35 36 3. Supplies on hand as of December 31, 2021 was: $ 408 37 4. The furniture has an estimate useful life of 10 years. Once fully depreciated, it will have no value at the end of the 10 years. Straight-line amortization is used. Depreciation is recorded on a monthly basis on 38 the last day of each month. 39 5. Salaries are paid every two weeks worked. The work week is Monday to Friday. December 31, 2021 ended on Friday, and the workers were last paid on Monday December 27th for the last two weeks prior. 40 41 Salaries were paid on January 10, 2022 in the amount of: $ 3,200 0 Alignment 9