Exercise 22-19 A partial trial balance of Pina Corporation is as follows on December 31, 2018. | | Dr. | | Cr. | Supplies | | $2,600 | | | Salaries and wages payable | | | | $1,600 | Interest Receivable | | 5,600 | | | Prepaid Insurance | | 96,000 | | | Unearned Rent | | | | 0 | Interest Payable | | | | 14,400 | Additional adjusting data: 1. | | A physical count of supplies on hand on December 31, 2018, totaled $1,200. | 2. | | Through oversight, the Salaries and Wages Payable account was not changed during 2018. Accrued salaries and wages on December 31, 2018, amounted to $4,000. | 3. | | The Interest Receivable account was also left unchanged during 2018. Accrued interest on investments amounts to $4,700 on December 31, 2018. | 4. | | The unexpired portions of the insurance policies totaled $66,000 as of December 31, 2018. | 5. | | $26,400 was received on January 1, 2018, for the rent of a building for both 2018 and 2019. The entire amount was credited to rent revenue. | 6. | | Depreciation on equipment for the year was erroneously recorded as $5,200 rather than the correct figure of $52,000. | 7. | | A further review of depreciation calculations of prior years revealed that equipment depreciation of $7,200 was not recorded. It was decided that this oversight should be corrected by a prior period adjustment. | | | | |