Denmark Consulting Unadjusted Trial Balance December 31, 2022 Year-End 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 \begin{tabular}{|} \multicolumn{1}{c|}{ Debit } \\ \hline$24,200 & \\ \hline 38,500 & \\ \hline 15,180 & \\ \hline & \\ \hline & \\ \hline & \\ \hline 72,000 & \\ \hline & $ \\ \hline & \\ \hline & 13,800 \\ \hline & 18,400 \\ \hline & \\ \hline 46,000 & \\ \hline & \\ \hline & \\ \hline 32,000 & \\ \hline 33,000 & \\ \hline 3,450 & \\ \hline 2,300 & \\ \hline 6,600 & \\ \hline 2,400 & \\ \hline 275,630 & $ \\ \hline & \\ \hline \end{tabular} 1 The company has completed consulting services as of December 31,2022 that was not billed until January 4,2023 . The customer paid the invoice on January 8, 2023. The amount of services completed as of Dec 31st: $4,100 2 The insurance account represents a one-year insurance policy. The policy was purchased on April 1, 2022. 3 Supplies on hand as of December 31, 2022 was: 4 The furniture has an estimate useful life of 10 years. Once fully depreciated, it will have no value at the end of the 10 years. Straight-line depreciation is used. Depreciation is recorded on a monthly basis on the last day of each month. 5 Salaries are paid every two weeks worked. The work week is Monday to Friday. December 31, 2022 ended on Friday, and the workers were last paid on Monday December 27th for the last two weeks prior. Salaries were paid on January 10, 2023 in the amount of: $3,280 6 On May 1, 2022 the company sold their equipment to a customer, and in exchange the company agreed to receive the 18-month note receivable shown on the Trial Balance. The customer pays interest every three months, on the first day of a month, for the past three months (ie, payments were made on Aug 1st for May, June, July, and then again on Nov 1st). The next interest payment will be on February 1, 2023. The annual interest rate on the note is: 7 Denmark Consulting is working on a 6-month consulting project for a customer that began on October 1, 2022. The customer paid the contract in advance for the entire six months. The contract revenue by month will be earned evenly over the 6-month period. The value of the 6-month consulting contract is: 8 The company received the utility bill for the month of December 2022 on January 11, 2023. This utility bill was paid on February 8 , 2023. December's Utility bill amount $205.00