6. On May 1, 2021 the company sold their equipment to a customer, and in exchange, the company agreed to receive a the 9month note receivable shown on the Trial Balance. The custom er pays interest every three months for the past three months (Aug 1st, Nov 1st, Feb 1st}. The interest rate on the note is: 5% 7. The company attracted a new customer for 2022. Denmark Consulting is working on a 6month consulting project for this new customer that began on October 1, 2021. The customer paid the contract in advance for the entire six months. The contract revenue by month will be earned evenly over the 6month period. The value of the 6m onth consulting contract is: $ 23.732 8. The company received the utility bill for the month of December 202 1 on January 11, 2022. This utility bill was paid on January 22, 2022. Utility bill amount $ 226 General Journal Ref Date Account Description Dr Cr O MAKE SURE TO CELL REFERENCE ALL AMOUNTS AND ACCOUNT TITLES FROM THE ADJUSTED TRIAL BALANCE AND NECESSARY DATA FROM THE DATA TAB. SHOW YOUR CALCULATIONS OFF TO THE SIDE. 2l I ||_ important information: This company uses the alternative form of adjusting entries. 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. The amount of services completed as of Dec 3lst: | $ 3,323 .l 2. The insurance account represents a oncLyear insurance policy. The policy was purchased on April 1, 2021. 3. Supplies on hand as of December 31, 2021 was: $ 403 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. Straightline amortization is used. Depreciation is recorded on a monthly basis on the last day of each month. 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. Salaries were paid on January 10, 2022 in the amount of: $ 3,200 MAKE SURE TO CELL REFERENCE ALL AMOUNTS AND ACCOUNT TITLES FROM THE ADJUSTED TRIAL BALANCE. bi 26 MAKE SURE TO CELL REFERENCE ALL AMOUNTS FROM THE ADJUSTED TRIAL BALANCE. YOU DO NOT HAVE TO CELL REFERENCE ACCOUNT TITLES FOR THIS STATEMENT. c) MAKE SURE TO CELL REFERENCE ALL AMOUNTS AND ACCOUNT TITLES FROM THE ADJUSTED TRIAL BALANCE.Denmark Consulting Account Name Unadjusted Trial Balance at Adjusted Trial Balance for December 31, 2021 Adjustments Required for Year End December 31, 2021 Debit Credit Debit Ref Credit Ref Debit Credit Cash $ 24,200 Accounts receivable 38,500 Note receivable 15,935 Interest receivable Supplies Prepaid insurance Furniture 72,000 Accumulated depreciation-furniture 13,800 Accounts payable 18,400 Salaries payable Unearned revenue K. Smeltz, capital 78,720 K. Smeltz, withdrawals 46,000 Consulting revenue 167,060 Interest revenue 375 Salaries expense 32,000 Rent expense 33,000 Insurance expense 4,385 Utilities expense 2,400 Depreciation expense 6,600 Supplies expense 3,335