Handout Worksheet For the year ended 12/31/21 Trial Balance adjustments Debit Credit Debit Credit Cash $114,000 Accounts Rec. $56,200 Supplies $10,500 Prepaid Insurance $24,000 Equipment $300,000 Notes payable $100,000 Accounts payable $103,500 Common stock $220,000 Dividends $6,000 Revenues $136,200 Salaries exp $22,000 Travel exp $13,000 Rent exp $12,000 Misc exp $2,000 Supplies exp Depreciation exp Accumulated Deprec Interest exp Interest payable Insurance exp Bad debt exp Totals $559,700 $559,700 adjustments at year-end: 1. Supplies on hand totaled $5,000 2. Depreciation exp was calculated to be $60,000 3. Interest exp is for 6mths, 6% annual interest rate, payable next year 4. Prepaid insurance expires at a rate of $2,000/mth, 3mths have gone by 5. Bad debt exp is calculated to be $2,000 REQUIRED: 1. Make the necessary adjustment entries Adjusted Trial Balance Debit Creditl