Tamarisk Companys trial balance at December 31, 2020, is presented below. All 2020 transactions have been recorded except for the items described following the trial balance.

Comprehensive Problem 9 (Part Level Submission) Tamarisk Company's trial balance at December 31, 2020, is presented below. All 2020 transactions have been recorded except for the items described following the trial balance. Debit Credit $25,500 35,500 10,000 -0- Cash Accounts Receivable Notes Receivable Interest Receivable Inventory Prepaid Insurance Land Buildings Equipment 36,500 3,780 20,700 123,000 65,000 9,600 $450 41,000 26,000 27,400 Patents Allowance for Doubtful Accounts Accumulated Depreciation-Buildings Accumulated Depreciation-Equipment Accounts Payable Salaries and Wages Payable Unearned Rent Revenue Notes Payable (due in 2020) Interest Payable Notes Payable (due after 2020) Common Stock -0- 5,100 12,000 -0- 35,500 43,000 51,630 Retained Earnings Dividends 13,500 Sales Revenue 900,000 -0- -0- -0- Interest Revenue Rent Revenue Gain on Disposal of Plant Assets Bad Debts Expense Cost of Goods Sold Depreciation Expense Insurance Expense Interest Expense Other Operating Expenses Amortization Expense Salaries and Wages Expense -0- 637,000 -0- -0- -0- 61,000 -0- 101,000 $1,142,080 Total $1,142,080 Unrecorded transactions: 1. On May 1, 2020, Tamarisk purchased equipment for $16,200 plus sales taxes of $1,400 (all paid in cash). 2. On July 1, 2020, Tamarisk sold for $3,600 equipment which originally cost $5,200. 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, Tamarisk sold on account $5,500 of inventory that cost $3,300. 4. Tamarisk estimates that uncollectible accounts receivable at year-end is $4,100. 5. The note 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 premium on September 1, 2020. 7 The buildings are being depreciated using the straight-line method over 30 years. The salvane value is $24 000 7. The buildings are being depreciated using the straight-line method over 30 years. The salvage value is $24,000. 8. The equipment owned prior to this year is being depreciated using the straight-line method over 5 years. The salvage value is 10% of cost. 9. The equipment purchased on May 1, 2020, is being depreciated using the straight-line method over 5 years, with a salvage value of $2,900. 10. The patent was acquired on January 1, 2020, and has a useful life of 10 years from that date. 11. Unpaid salaries and wages at December 31, 2020, total $2,200. 12. The unearned rent revenue of $5,100 was received on December 1, 2020, for 3 months' rent. 13. Both the short-term and long-term notes payable are dated January 1, 2020, and carry a 9% interest rate. All interest is payable in the next 12 months. (a) ZYour answer has been saved and sent for grading. See Gradebook for score details. Prepare journal entries for the transactions listed above. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) No. Account Titles and Explanation Debit Credit 1. Equipment 17600 Cash 17600 2. Depreciation Expense 450 Accumulated Depreciation Equipment 450 (To record depreciation expense.) Cash 3600 Accumulated Depreciation Equipment 2450 3. Accounts Receivable 5500 Sales Revenue 5500 (To record sales revenue.) Cost of Goods Sold 3300 Inventory 3300 (To record cost of goods sold.) 4. Bad Debt Expense 4100 Allowance for Doubtful Accounts 4100 5. Interest Receivable 600 Interest Revenue 600 6. Insurance Expense 2520 Prepaid Insurance 2520 7. Depreciation Expense 3300 Accumulated Depreciation-Buildings 3300 8. Depreciation Expense 10764 Accumulated Depreciation Equipment 10764 8. Depreciation Expense 10764 Accumulated Depreciation Equipment 10764 9. Depreciation Expense 1960 Accumulated Depreciation-Equipment 1960 10. Amortization Expense 960 Patents 960 11. Salaries and Wages Expense 2200 Salaries and Wages Payable 2200 12. Unearned Rent Revenue 1700 Rent Revenue 1700 13. Interest Expense 4275 Interest Payable 4275 (b) Prepare an updated December 31, 2020, trial balance. Tamarisk, Inc. Trial Balance December 31, 2020 Debit Credit $ $ Total