Prepare year-end adjustments for the following transactions: 1 2 3 4 The company has a $21,000 note receivable with an interest rate of 7%, interest is due on 1st of the month. Interest expense is recorde Services totalling $22,100 had been performed but not yet billed by the end of the year. The company owns equipment worth $105,000. It has a 10 year estimated useful life and no residual value. Supplies on hand at the beginning of the year totalled $880, during the year an additional $350 worth of supplies was purchased. By year end, only $100 in supplies remained. Journal Entry Accounts Description Credit Debit Prepare year-end adjustments for the following transactions: 1 2 3 4 The company has a $21,000 note receivable with an interest rate of 7%, interest is due on 1st of the month. Interest expense is recorde Services totalling $22,100 had been performed but not yet billed by the end of the year. The company owns equipment worth $105,000. It has a 10 year estimated useful life and no residual value. Supplies on hand at the beginning of the year totalled $880, during the year an additional $350 worth of supplies was purchased. By year end, only $100 in supplies remained. Journal Entry Accounts Description Credit Debit