The $18,000 long-term note is an 8%, five-year, interest-bearing note with interest payable annually on December 31. The note was signed with First National Bank on December 31, 2021.

\begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|c|}{ December 31, 2021} \\ \hline & \begin{tabular}{l} Unadjusted \\ Debit \end{tabular} & \begin{tabular}{c} Trial Balance \\ Credit \end{tabular} \\ \hline Cash & $17,600 & \\ \hline Accounts receivable & 3,610 & \\ \hline Allowance for doubtful accounts & & $834 \\ \hline Merchandise inventory & 12,600 & \\ \hline Trucks & 35,000 & \\ \hline Accumulated depreciation-Trucks & & 0 \\ \hline Equipment & 46,800 & \\ \hline Accumulated depreciation-Equipment & & 12,710 \\ \hline Accounts payable & & 5,150 \\ \hline Estimated warranty liability & & 1,550 \\ \hline Unearned services revenue & & 0 \\ \hline Interest payable & & 0 \\ \hline Long-term notes payable & & 18,000 \\ \hline Common stock & & 26,000 \\ \hline Retained earnings & & 40,200 \\ \hline Dividends & 13,000 & \\ \hline Extermination services revenue & & 66,000 \\ \hline Interest revenue & & 878 \\ \hline Sales (of merchandise) & & 72,626 \\ \hline Cost of goods sold & 47,200 & \\ \hline Depreciation expense-Trucks & 0 & \\ \hline Depreciation expense-Equipment & 0 & \\ \hline Wages expense & 38,000 & \\ \hline Interest expense & 0 & \\ \hline Rent expense & 12,000 & \\ \hline Bad debts expense & 0 & \\ \hline Miscellaneous expense & 1,238 & \\ \hline Repairs expense & 9,500 & \\ \hline Utilities expense & 7,400 & \\ \hline Warranty expense & 0 & \\ \hline Totals & $243,948 & $243,948 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|} \hline & \begin{tabular}{l} Interest \\ Expense \end{tabular} & \begin{tabular}{l} Interest \\ Payable \end{tabular} \\ \hline g. Ending balances after adjustment & & \\ \hline \end{tabular}