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4. Ivich Inc.'s unadjusted trial balance for 12-31-2021 is below: Debits Credits Cash $ 27.000. Accounts Receivable 76,000. Supply Inventory 35,000. Prepaid Insurance 24,000 Land
4. Ivich Inc.'s unadjusted trial balance for 12-31-2021 is below: Debits Credits Cash $ 27.000. Accounts Receivable 76,000. Supply Inventory 35,000. Prepaid Insurance 24,000 Land 86,000. Equipment 170,000 Accumulated Depreciation, Equipment 20.000 Accounts Payable 32,000. Unearned Revenue 15,000. Long Term Notes Payable 24,000. Salaries Payable 0 Common Stock 226,000 Retained Earnings 38.000 Dividends 4,000 Services Revenue 89.000 Salaries Expense 15,000 Insurance Expense 7,000 Depreciation Expense 0 Supplies Expense 0 Totals 444.000 444,000. In order to do the adjustments, note that $ 8.000 of the Prepaid Insurance has been used up, only S11.000 of the Supplies Inventory remains, the annual Depreciation Expense is $10,000, the salaries that have accrued but not been paid are $3.000, and $5.000 of the Unearned Revenue is cared, by 12-31-2021. Using a worksheet write up an Adjusted Trial Balance for the company for 12-31-2021, and state the Net Income for the year 2021, and the total Retained Earnings for 12-31-2021
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