Question B-Effect of Adjustments en Specific Accounts (23 marks; 48 minutes) cewe te pot at the bad branch of a CFA B ang-time cent of the CPA fem Enes was provide with the own Enca Nguyen is enroded in a co-op program in accounting that provides an opportunity for atemating study and work warms For the first work After three weeks on the job, she was asked to assist her supervisor in preparing the annual francie statements of Serv unadjusted trial balance for Sanjeev Lad as at December 31, 2021, as well as additional information to prepare the required financial s Cash Accounts receivable Allowance for doubtful accou Note receivable Deb Credit $ 96,400 285.000 $ 4,300 60,000 Inventory 340,000 Prepaid insurance 10.800 Property, plant and equipment 500,000 Accumulated depreciation 140,600 Accounts payable 66.100 Note payable 30,000 Deferred rent revenue... Contributed capital (100,000 shares)... Retained eamings-January 1, 2021 Sales revenue Cost of sales Salaries expenses. Other operating expenses.. Additional information 6.000 620,000 165,000 990,000 502,000 222,000 15.000 $2.031.000 $2.031.000 Depreciation on the property, plant, and equipment was estimated at $15,600 for the year 2021 b. The company lent 500,000 to an employee on October 1, 2021 The i ned by the employee states that interest at an annual rate of 5 percent will be ped when the roa mtu on March 15.2022 c. On September 1, 2021, the company paid a one-year premium of $6.600 for property insurance, starting on that date. The previous annual property insurs 2021 d. The company borrowed $30,000 on December 1, 2021, and signed a note, payable at December 1, 2022 Interest on the note is 4 percent per year and is payable at t January 1, 2022 cost $0.000 and expend on August 31 beginning of a starting e. A portion of the building was rerned to Senecat inc on November 1, 2021, for three months f. The company determined at December 31, 2021 that an account receivable c accounts receivable resulted in an amount of $7,000 that s polentaly uncollecte in t g Sales of $2.000 were eamed by employees int REQUIRED amount of $6.000 Sanjeev recorded the amount received from Senecal an that de because the customer that mwed this amount ad barna days of December 2021 but The employees were p January 13, 2022 1. Identify the accounts that are affected by each of the events a) through gape and the amount of the aument Use the foeing amat t Transaction Account debited Account credited Depreciation expenses Accumulated depreciation Amount 15,400 Ec 2. Prepare in good form the assets section only of a classifed statement of francial position as at December 31, 2021, (10 mara))