Cash Accounts receivable Note receivable Interest receivable Supplies Prepaid insurance Furniture Accumulated depreciation-furniture Accounts payable Salaries payable Unearned revenue K. Smeltz, capital K. Smeltz, withdrawals Consulting revenue Interest revenue Salaries expense Rent expense Insurance expense Utilities expense Depreciation expense Supplies expense Denmark Consulting Unadjusted Trial Balance December 31, 2021 Year-End Debit Credit $ 24,200 38,500 15,000 72,000 $ 13,800 18,400 76,750 46,000 166,125 375 32,000 33,000 3,450 2,300 6,600 2,400 $ 275,450 $ 275,450 1 Part 2 2 Account Name 3 Unadjusted Trial Balance at December 31, 2021 Denmark Consulting Adjustments Required for Year End A 5 Debit Credit Debit Ref Credit 6 Cash $ 24,200 7 Accounts receivable 38,500 8 Note receivable 15,000 9 Interest receivable 10 Supplies 11 Prepaid insurance 12 Furniture 72,000 13 Accumulated depreciation-furniture $ 13,800 14 Accounts payable 18,400 15 Salaries payable 16 17 18 19 Unearned revenue K. Smeltz, capital K. Smeltz, withdrawals Consulting revenue 76,750 46,000 166,125 20 Interest revenue 375 21 Salaries expense 32,000 22 Rent expense 33,000 23 Insurance expense 3,450 24 Utilities expense 2,300 25 Depreciation expense 6,600 26 Supplies expense 2,400 27 Totals $ 275,450 $ 275,450 28 29 30 31 33 34 Adjusted Trial Balance for December 31, 2021 Ref Debit Credit MAKE SURE TO CELL REFERENCE ALL AMOUNTS FROM THE ADJUSTING JOURNAL ENTRIES TAB. IGNORE THE PENNIES. LET THE PREDEFINED CELL FORMATTING DO ITS THING. ENSURE FORMATTING HIDES PENNIES. SUM UP THE DEBIT/CREDIT COLUMNS. ENSURE DEBITS = CREDITS. No Adjusting Entries Date Account Title and Explanation Debit Credit 1 Dec 31 Accounts Receivable $4,102 Consulting Revenue $4,102 (To record service performed but not billed) 2 Dec 31 Prepaid Insurance($3,450*3/12) $863 Insurance Expense $863 (To record insurance expense) 3 Dec 31 Supplies $615 Supplies Expense $615 (To record supplies expense) 4 Dec 31 Depreciation Expense ($72,000/10* 1/12) $600 Accumulated Depreciation - Furniture $600 (To record depreciation Expense) 5 Dec 31 Salaries Expense $3,280 Salaries Payable $3,280 (To record Accured Salaries) 6 Dec 31 Interest Receivable ($15,419*5%*2/12) $128 Interest Revenue $128 (To record accured interest) 8 Dec 31 Utilities Expense $205 Utilities Payable $205 (To record utilities expense)