1. The correct adjusted trial balance as of the end of Accounting Project. The trial balance must include totals, totals must be calculated using the sum function in EXCEL.

Campin Inc. Unadjusted Trial Balance 12/31/21 Campin Inc. Adjusted Trial Balance 12/31/21 Credit Credit $ $ Debit 2,399,000 2,100,000 $ $ Debit 3,389,000 3,100,000 $ 10,000 $ 491,250 $ $ $ 100,000 362,500 4,500,000 $ $ $ 1,262,500 4,500,000 $ 1,350,000 $ 1,575,000 $ $ 850,000 $ 850,000 Cash Accounts Receivable Allowance for Doubtful Accounts Prepaid Insurance Inventory Equipment Accumulated Depreciation - Equipment Building Accumulated Depreciation - Building Land Accounts Payable Salaries Payable Mortgage Payable Long-Term Debt Common Stock - Par $0.01 APIC Retained Earnings $ $ 250,000 $ 292,500 $ 1,100,000 $ 1,100,000 $375,000 $ 50,000 $ 1,400,000 $ 2,250,000 $ 6,000 $ 2,994,000 $ 265,000 $ $ $ $ $ $ $ 775,000 50,000 1,370,000 2,175,000 6,000 2,994,000 265,000 $ 4,425,000 $ 9,825,000 Sales Revenue COGS Salary Expense $ 1,837,500 $ 126,000 $ 13,375,000 $ $ 3,937,500 616,000 $ 13,375,000 Bad Debt Expense Insurance Expense Depreciation Expense - Equipment Depreciation Expense - Building Interest Expense - Mortgage Interest Expense - Long-Term Debt $ 481,250 $ 100,000 $ 225,000 $ 42,500 $ 40,000 $ 175,000 $ 19,818,750 $ 19,818,750 Date Account Debit Credit Adj. 1 12/31/21 $ 481,250 Bad Debt Expense Allowance for Doubtful Accounts $ 481,250 Credit Date 12/31/21 Account Insurance Expense Prepaid Insurance Debit $ 100,000 Adj. 2 $ 100,000 Credit Date 12/31/21 Adj. 3 Account Debit Depreciation Expense - Equipment $ 225,000 Accumulated Depreciation - Equipment $ 225,000 Credit Date 12/31/21 Adj. 4 Account Debit Depreciatin Expense - Building $ 42,500 Accumulated Depreciation - Building $ 42,500 Credit Date 12/31/21 Adj. 5 Account Mortgage Payable Interest Expense - Mortgage Cash Debit $ 30,000 $ 40,000 $ 70,000 Debit Credit Adj. 6 Date 12/31/21 Account Salary Expense Cash $ 490,000 $ 490,000 Credit Date 12/31/21 Adj. 7 Account Long-Term Debt Interest Expense - Long-Term Debt Cash Debit $ 75,000 $ 175,000 $ 250,000 Credit Date 12/31/21 Debit $3,000,000 Adj. 8 Account Inventory Cash Accounts Payable $2,600,000 $ 400,000 Credit Date 12/31/21 Adj. 9 Account Accounts Receivable Cash COGS Sales Inventory Debit $1,000,000 $4,400,000 $2,100,000 $5,400,000 $2,100,000