ACCT 300B Intermediate Accounting 1 homework 2 The following unadjusted trial balance was extracted from the general ledger of Rouge Corporation at the end of its fiscal year on June 30, 2023. Account Cash Accounts Receivable Supplies Allowance for Doubtful Accounts Office expense Rent expense Prepaid Insurance Equipment Accumulated Depreciation--Equipment Accounts Payable Notes Payable Common Stock Debit $10,000 30,000 2,000 5,800 24,200 8,600 160,000 Credit $ 3,800 16,000 17,800 120,000 40,000

a. Insurance expired during the year, $2,500 b. Bad debits expense for the year $1,400 c. At the of every year, equipment is depreciated at 10% on original cost d. Interest on Notes Payable is 1\% (APR). The Notes were issued on June 1, 2023 and mature in 90 days ( 3 months). e. Rent paid in advance at June 30,2023 amounted to $10,000 (originally charged to rent expense). f. Salaries and wages unpaid at June 30,2023 were $5,500. g. Of the unearned service revenue, $1,600 was earned on June 30,2023. h. Service for $8,000 was offered to clients but clients were not invoiced by June 30 , 2023. i. On June 30,2023 , supplies on hand were valued at $500 ( $1,500 was used) j. An amount of $7,000 received from clients for work not yet done by June 30,2023 was recorded as service revenue