ints Hot given complete the table given below: Additional information: a. Annual depreciation of the equipment: $11,500. b. $12,000 of the Prepaid Insurance balance has expired. c. Unbilled and unrecorded revenues at year-end totalled $31,000. Required: Use the information provided to complete the columns. 00:34:47 Skipped eBook References Adjusted Trial Balance Dr. Cr. Cash Accounts receivable Prepaid insurance Equipment Accumulated depreciation, equipment Accounts payable Abraham Nuna, capital Abraham Nuna, withdrawals NUNA MUSIC Trial Balances February 28, 2020 Unadjusted Trial Balance Adjustments Dr. Cr. Dr. Cr. 14,000 32,000 16,800 102,000 $ 23,000 19,000 213,000 102,000 Jurassic Jumpers Co. (JJ Co.) offers bungee jumping for those looking for an extreme outing. JJ Co, prepares annual financial statements and has a December 31, 2020 year-end. a. On April 1, 2020, JJ Co. took out a five-year, $500,000 bank loan with an interest rate of 3%. Interest expense is paid on the firs of each month. b. On July 1, 2020, JJ Co. Issued a two-year, $50,000 Note Receivable with an interest rate of 4%. Interest income will be collected January 1 and July 1 of each year. c. On December 15, 2020, JJ Co. took a university student club bungee jumping for $2.000. The student club was invoiced on December 31, 2020 and paid JJ Co. on January 15, 2021. Required: Record the adjusting journal entries at December 31, 2020. View transaction list View journal entry worksheet No Date General Journal Credit Debit 1,650 Dec 31, 2020 Interest expense Dec 31, 2020 Interest receivable 1.330 ints Hot given complete the table given below: Additional information: a. Annual depreciation of the equipment: $11,500. b. $12,000 of the Prepaid Insurance balance has expired. c. Unbilled and unrecorded revenues at year-end totalled $31,000. Required: Use the information provided to complete the columns. 00:34:47 Skipped eBook References Adjusted Trial Balance Dr. Cr. Cash Accounts receivable Prepaid insurance Equipment Accumulated depreciation, equipment Accounts payable Abraham Nuna, capital Abraham Nuna, withdrawals NUNA MUSIC Trial Balances February 28, 2020 Unadjusted Trial Balance Adjustments Dr. Cr. Dr. Cr. 14,000 32,000 16,800 102,000 $ 23,000 19,000 213,000 102,000 Jurassic Jumpers Co. (JJ Co.) offers bungee jumping for those looking for an extreme outing. JJ Co, prepares annual financial statements and has a December 31, 2020 year-end. a. On April 1, 2020, JJ Co. took out a five-year, $500,000 bank loan with an interest rate of 3%. Interest expense is paid on the firs of each month. b. On July 1, 2020, JJ Co. Issued a two-year, $50,000 Note Receivable with an interest rate of 4%. Interest income will be collected January 1 and July 1 of each year. c. On December 15, 2020, JJ Co. took a university student club bungee jumping for $2.000. The student club was invoiced on December 31, 2020 and paid JJ Co. on January 15, 2021. Required: Record the adjusting journal entries at December 31, 2020. View transaction list View journal entry worksheet No Date General Journal Credit Debit 1,650 Dec 31, 2020 Interest expense Dec 31, 2020 Interest receivable 1.330
