- 5-48 LO 2) (Balance Sheet Adjustment and Preparation) The adjusted trial balance of Eastwood Company and other related information for t + esented as follows. Eastwood Company Adjusted Trial Balance December 31, 2020 Debit Credit $ 41,000 163,500 $ 8,700 Cash Accounts Receivable Allowance for Doubtful Accounts Prepaid Insurance Inventory Equity Investments (long-term) Land Construction in Process (building) Patents Equipment Accumulated Depreciation-Equipment Discount on Bonds Payable Accounts Payable Accrued Liabilities Notes Payable Bonds Payable Common Stock Paid-in Capital in Excess of Par-Common Stock Retained Earnings 5,900 208,500 339,000 85,000 124,000 36,000 400,000 240,000 20,000 148,000 49,200 94,000 200,000 500,000 45,000 138,000 $1,422,900 $1,422,900 Additional information: Tho TITO motbedofinstontontrolazi od - 5-48 LO 2) (Balance Sheet Adjustment and Preparation) The adjusted trial balance of Eastwood Company and other related information for t + esented as follows. Eastwood Company Adjusted Trial Balance December 31, 2020 Debit Credit $ 41,000 163,500 $ 8,700 Cash Accounts Receivable Allowance for Doubtful Accounts Prepaid Insurance Inventory Equity Investments (long-term) Land Construction in Process (building) Patents Equipment Accumulated Depreciation-Equipment Discount on Bonds Payable Accounts Payable Accrued Liabilities Notes Payable Bonds Payable Common Stock Paid-in Capital in Excess of Par-Common Stock Retained Earnings 5,900 208,500 339,000 85,000 124,000 36,000 400,000 240,000 20,000 148,000 49,200 94,000 200,000 500,000 45,000 138,000 $1,422,900 $1,422,900 Additional information: Tho TITO motbedofinstontontrolazi od