Important Information: This company uses the alternative form of adjusting entries. 1) Make a journal adjusting entries 2) Financial statements 1. The company has completed consulting services as of The amount of services completed as of Dec 31 $ 3,323 2. The insurance account represents a one-year insurance 3. Supplies on hand as of December 31, 2021 w $ 408 4. The furniture has an estimate useful life of 10 years. 5. Salaries are paid every two weeks worked. The work Salaries were paid on January 10, 2022 in the a $ 3,200 6. On May 1, 2021 the company sold their equipment to a The interest rate on the note is: 5% 7. The company attracted a new customer for 2022. The value of the 6-month consulting contract is $ 23,732 8. The company received the utility bill for the month of Utility bill amount $ 226 Account Name Unadjusted Trial Balance at Denmark Consulting Adjustments Required for Year Adjusted Trial Balance for Debit Ref Credit Ref Debit Credit Debit Credit Cash $ 24,200 Accounts receivable 38,500 Note receivable 15,928 Interest receivable Supplies Prepaid insurance Furniture 72,000 Accumulated depreciation-furniture 13,800 Accounts payable 18,400 Salaries payable Unearned revenue K. Smeltz, capital 78,706 K. Smeltz, withdrawals 46,000 Consulting revenue 167,053 Interest revenue 375 Salaries expense 32,000 Rent expense 33,000 Insurance expense 4,378 Utilities expense 2,400 Depreciation expense 6,600 Supplies expense 3,328 Totals $278,334 $278,334 Important Information: This company uses the alternative form of adjusting entries. 1) Make a journal adjusting entries 2) Financial statements 1. The company has completed consulting services as of The amount of services completed as of Dec 31 $ 3,323 2. The insurance account represents a one-year insurance 3. Supplies on hand as of December 31, 2021 w $ 408 4. The furniture has an estimate useful life of 10 years. 5. Salaries are paid every two weeks worked. The work Salaries were paid on January 10, 2022 in the a $ 3,200 6. On May 1, 2021 the company sold their equipment to a The interest rate on the note is: 5% 7. The company attracted a new customer for 2022. The value of the 6-month consulting contract is $ 23,732 8. The company received the utility bill for the month of Utility bill amount $ 226 Account Name Unadjusted Trial Balance at Denmark Consulting Adjustments Required for Year Adjusted Trial Balance for Debit Ref Credit Ref Debit Credit Debit Credit Cash $ 24,200 Accounts receivable 38,500 Note receivable 15,928 Interest receivable Supplies Prepaid insurance Furniture 72,000 Accumulated depreciation-furniture 13,800 Accounts payable 18,400 Salaries payable Unearned revenue K. Smeltz, capital 78,706 K. Smeltz, withdrawals 46,000 Consulting revenue 167,053 Interest revenue 375 Salaries expense 32,000 Rent expense 33,000 Insurance expense 4,378 Utilities expense 2,400 Depreciation expense 6,600 Supplies expense 3,328 Totals $278,334 $278,334