b?

View Policies Show Attempt History Current Attempt in Progress The unadjusted trial balance for Carla Vista Engineering at its year end, December 31, 2021, is as follows: CARLA VISTA ENGINEERING Trial Balance December 31, 2021 Debit Credit Cash $8.900 Accounts receivable 5,850 5,150 7.560 Supplies Prepaid insurance Notes receivable Equipment 12,000 26,900 Accumulated depreciation-equipment $8,070 Accounts payable 5,000 H. Duguay, capital 33,290 H. Duguay, drawings 52,500 Service revenue 111,000 Salaries expense 38,500 $157,360 $157,360 Supplies 5,150 Prepaid insurance 7,560 Notes receivable 12,000 Equipment 26,900 $ 8,070 Accumulated depreciation-equipment Accounts payable 5,000 H. Duguay, capital 33,290 H. Duguay, drawings 52,500 111,000 Service revenue Salaries expense 38,500 $ 157,360 $ 157,360 Additional information: 1. 2. 3. Services of $ 10,650 was provided but unrecorded and uncollected as at December 31, 2021. On June 1, the company purchased a one-year insurance policy. Depreciation on the equipment for 2021 is $ 2,690, A count on December 31, 2021, showed $ 1,800 of supplies on hand. The four-month, 4% note receivable was issued on October 1, 2021. Interest and principal are payable on the maturity date. 4. 5. Prepare adjusting entries for the year ended December 31, 2021. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31 Accounts Receivable 10,650 10.650 Service Revere (To accrue revenue earned but not billed or collected) Dec. 31 Insurance Expense 4410 Prepaid Insurance 4,410 (To record insurance expired) Dec. 31 Depreciation Expense TO 11 2.690 2690 Accumulated Depreciation Equipment : (To record depreciation) Dec. 31 Supplies Expense Supplies 3,350 (To record supplies used) Dec. 31 Interest Receivable 120 Interest Revenue 120 (To record accrued interest) (b) Post the adjusting entries. (Post entries in the order of journal entries presented in the previous part.) Accounts Receivable Interest Receivable Prepaid Insurance + Supplies Supplies Accumulated Depreciation Equipment Service Revenue . Interest Revenue Supplies Expense Service Revenue Interest Revenue Supplies Expense Depreciation Expense Insurance Expense