Question B-effect of Adjustments on Specific Accounts (23) ovides an opportunity Se, Erica was offered a job, she was ments of Sanjeev Erios Nguyen is enrolled in a co-op program in accounting that p for attemeting study and work terms. For the first position at the local branch of a CPA firm Afer three weeks to assist her supervisor in preparing the annual financial long-time client of the CPA firm. Erica was provided with the following adjusted tal balance for Sanjeev Ltd. as at December 31, 2021, as we prepare the required financial statements: as additional information to Debit Credit Cash Accounts receivable Allowance for doubtful accounts Note receivable............. $ 96,400 285,000 $ 4,300 60,000 Inventory... 340,000 Prepaid insurance.. 10,600 Property, plant and equipment.. 500,000 Accumulated depreciation... 140,600 Accounts payable.. 66,100 Note payable... 30,000 Deferred rent revenue. 6,000 Contributed capital (100,000 shares).. Retained earnings - January 1, 2021.. 620,000 165,000 900.000