Prepare an updated December 31, 2020, trial balance.

Blue Spruce Corp. Trial Balance December 31, 2020For the Year Ended December 31, 2020For the Month Ended December 31, 2020
	Debit	Credit
	$	$
Total

Comprehensive Problem 9 (Part Level Submission) Blue Spruce Company's trial balance at December 31, 2020, presented below. All 2020 transactions have been recorded except for the items described following the trial balance Credit Debit $26.000 36.500 B000 Accounts Receivable Notes Receivable Inter Receivable Inventory Prepaid Insurance Land Buildings Equipment 36,200 3,780 21,800 132,000 55,000 10 300 $400 44,000 22,000 27.100 3,300 13,000 36,000 46,500 57,580 15,000 Allowance for Doubtful Accounts Accumulated Depreciation-Buildings Accumulated Depreciation Equipment Accounts Payable Salaries and Wages Payable Warned Rount Revenue Notes Payabled in 2020) Interest Payable Notes Payable (de after 2020) Common Stock Retained Earnings Dividends Sales Revenue Interest Reverie Rent Revenue Gain on Disposal of Plant Assets Bad Debts Experise Cost of Goods Sold Depreciation Expertise Insurance Expense Interest Expense Other Operating Expenses Amortation Expense Salaries and Wages Export Total 903,000 640,000 61,400 106,000 $1,152.860 $1,152.080 Unrecorded transactions 1. On May 1, 2020, Blue Spruce purchased equipment for $17,800 plus sales taxes of $1,400 (al paid in cash) 2. On July 1, 2020, Blue Spruce sold for $3,600 equipment which originally cost $5,100. Accumulated depreciation on this equipment at January 1, 2020, was $2,000; 2020 depreciation prior to the sale of the equipment was $450. 3. On December 31, 2020, Blue Spruce sold on account $5,400 of inventory that cost $3,200. 4. Blue Spruce estimates that collectible accounts receivable at year-end is $4,000. 5. The more receivable is a one-year, 8% note dated April 1, 2020. No interest has been recorded. 6. The balance in prepaid insurance represents payment of a $3,780 6-month prema on September 1, 2020 7. The buildings are being deprecated in the straight-line method over 30 years. The salvage value 530,000. 8. The equipment owned prior to this year is being deprecated using the straight-line method over 5 years. The salvage value is 10% of 9. The equipment purchased on May 1, 2020, is being depreciated using the straight line method over 5 years, with a salvage value of $2,100. 10. The patent was acquired on January 1, 2020, and has a useful fe of 10 years from that date. 11. Unpaid salaries and wages at December 31, 2020, total $2,200 12. The warned rent revenue of $3,300 was recived on December 1, 2020, for 3 months'en 13. Both the short-term and long-term notes payable are dated January 1, 2020, and carry a 99 interest rate. All interest is payable in the next 12 months