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Question 14 of 18 The following trial balance was taken from the books of Cullumber Corporation on December 31, 2020. Credit Debit $7,900 40,000 11,200 $1,920 Account Cash Accounts Receivable Notes Receivable Allowance for Doubtful Accounts Inventory Prepaid Insurance Equipment Accumulated Depreciation--Equip. Accounts Payable Common Stock Retained Earnings Sales Revenue Cost of Goods Sold Salaries and Wages Expense 36,000 4,260 104,000 14,700 10,500 46,900 60,640 259,000 124,500 52,700 Question 14 of 18 259,000 Sales Revenue Cost of Goods Sold Salaries and Wages Expense Rent Expense Totals 124,500 52,700 13,100 $393,660 $393,660 4 At year end, the following items have not yet been recorded. a. Insurance expired during the year, $2,310. Estimated bad debts, 2% of gross sales. Depreciation on equipment, 10% per year on original cost. Interest at 5% is receivable on the note for one full year. Rent paid in advance at December 31, $5,900 (originally charged to expense). Accrued salaries and wages at December 31, $5,840. d. (a) Prepare the necessary adjusting entries. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit a. b. . d. Question 14 of 18 -/23 C. d. e. Save for Later Attempts: 0 of 1 used Submit