Comprehensive Problem 9 (Part Level Submission) Hassellhouf Company's trial balance at December 31, 2017, is presented below. All 2017 transactions have been recorded except for the items described below Debit Credit $27,000 36,500 9,200 Cash Accounts Receivable Notes Receivable Interest Receivable Inventory Prepaid Insurance Land Buildings Equipment Patents Allowance for Doubtful Accounts Accumulated Depreciation-Buildings Accumulated Depreciation-Equipment Accounts Payable Salaries and Wages Payable Unearned Rent Revenue Notes Payable (due in 2018) Interest Payable Notes Payable (due after 2018) Common Stock Retained Earnings Dividends Sales Revenue Interest Revenue Rent Revenue Galn on Disposal of Plant Assets Bad Debts Expense Cost of Goods Sold Depreclation Expense Insurance Expense Interest Expense Other Operating Expenses Amortization Expense Salaries and Wages Expense Total 36,300 3,780 20,700 129,000 69,000 9,000 $400 43,000 27,600 27,200 5,400 13,000 36,000 43,000 59,980 14,500 903,000 640,000 61,600 102,000 $1,158,580 $1,158,580 Unrecorded transactions: 1. On May 1, 2017, Hassellhouf purchased equipment for $17,400 plus sales taxes of $1,600 (all paid in cash) 2. On July 1, 2017, Hassellhouf sold for $3,500 equipment which originally cost $5,000. Accumulated depreciation on this equipment at January 1, 2017, was $2,000; 2017 depreciation prior to the sale of the equipment was $400 3. On December 31, 2017, Hassellhouf sold on account $5,000 of inventory that cost $3,400 4. Hassellhouf estimates that uncollectible accounts receivable at year-end is $3,800 5. The note receivable is a one-year, 8% note dated April 1, 2017, No interest has been recorded 6. The balance in prepaid insurance represents payment of a $3,780 6-month premium on September 1, 2017 7. The building is being depreciated using the straight-line method over 30 years. The salvage value is $24,000 8. The equipment owned prior to this year is being depreciated using the straight-line method over 5 years. The salvage value is 10% of cost 9. The equipment purchased on May 1, 2017, is being depreciated using the straight-line method over 5 years, with a salvage value of $2,800 10. The patent was acquired on January 1, 2017, and has a useful life of 10 years from that date 11. Unpaid salaries and wages at December 31, 2017, total $2,200 12. The unearned rent revenue of $5,400 was received on December 1, 2017, for 3 months' rent. 13. Both the short-term and long-term notes payable are dated January 1, 2017, and carry a 9% interest rate. All interest is payable in the next 12 months