balance (before any adjusting entries) 34. DODU Jervices provides general home maintenance to customers. The compan year end is December 31. The December 31, 2021, trial balance (before any adjus appears below Accounts Debits Credits Cash $18,100 Accounts Receivable 16,200 Supplies 20,400 Prepaid Rent 15,000 Equipment 95,000 Accumulated Depreciation | $27,200 Accounts Payable 10,500 Salaries Payable Utilities Payable Interest Payable -0- Notes Payable 40,000 Common Stock 24,000 Retained Earnings 10,500 Dividends 2,500 Service Revenue 224,900 Salaries Expense 158,500 Depreciation Expense Rent Expense -0- Supplies Expense -0- Utilities Expense 11,400 Interest Expense Totals $337,100 $337,100 Evence -O- Information necessary to prepare the year-end adjusting entries appears below. a. Depreciation on the equipment for the year is $13,600. b. Employees' salaries are paid every two weeks. The last pay period ended on December 23. Salaries earned from December 24 through December 31, 2021, are $4,200. c. On August 1, 2021, David's borrows $40,000 from a local bank and signs a note. The note requires interest to be paid annually on August 31 at 12%. The principal is due in four years. d. On April 1, 2021, the company pays $15,000 for rental equipment for the next 12 months. The entire $15,000 was debited to Prepaid Rent on April 1. e $3,000 of supplies remains on hand at December 31, 2021. On December 30, David's receives a utility bill of $1,900 for the month. The bill will not be paid until early January, 2022, and no entry was recorded when the bill was received. Required: Prepare the necessary adjusting entries on December 31, 2021. Answer! Debit Credit (Adjust accumulated depreciation) (b) Debit Credit (Adjust salaries payable) (C) Debit Credit (Adjust interest payable) (d) Debit Credit (Adjust prepaid rent) Debit Credit (Adjust supplies) Debit Credit (Adjust utilities payable)