A B C D F G H K M Loule's Chop House The following adjustments need to be made to the accounting records at the end of the current year. Transactions: 2 B 4 5 1 6 2 3 7 8 4 9 5 10 6 7 11 12 8 Catering services performed but unbilled and uncollected at December 31, 20XX were $1,330 Depreciation on equipment for the year was $16,800. Louie's Chop House purchased a three-year insurance policy on Jan 1 of the current year. As of Dec 31, one year's worth of the insurance had expired. A physical count showed $2,500 worth of cleaning supplies on hand as of December 31, 20XX. Accrued but unpaid employee salaries were $3,100. During December $4,400 worth of services were performed of the unearned revenue. The interest rate on the company's note payable is 5%. Payments are made on Jan 1 of each year. Accrued interest on the note has not been recorded for the year. Louie's Chop House owns the shopping center where it is located and rents out the additional storefronts to other business. Total rent from these other business is $6,720 and is due the first day of the following month (Jan 1 for the month of December). Accrued rent has yet to be recorded for the month of December. 14 15 16 17 18 19 20 21 22