The following information had not been considered before preparing the trial balance: a. The $100,000 note receivable was signed by a major customer. It is a 3-month note dated November 1, 20X0. Interest earned during November and December was collected in cash at 4 PM on December 31. The interest rate is 6% per year. b. The Prepaid Insurance account reflects a 1-year fire insurance policy acquired for $12,000 cash on September 1, 20X0. c. Depreciation for 20X0 was $18,000. d. Vancouver Computing paid wages of $12,000 in cash at 5 PM on December 31. Required 1. Enter the December 31 balances in T-accounts in a general ledger. Number the accounts. Allow room for additional T-accounts. 2. Prepare the journal entries prompted by the additional information. Show amounts in thousands. 3. Post the journal entries to the ledger. Key your postings. Create logical new account numbers as necessary. 4. Prepare a new trial balance, December 31, 20X0.

Vancouver Computing Trial Batance, December 31, 20xo rs in thousands) Balance Account Number A Account Titles Cash Accounts receivable Note receivable Inventory Prepaid insurance Equipment Accumulate a preci 10th equi inent Accounts pavabie Paid-in capital Retained earnires Sales reverue Cost or doods sold Debit Credit 10 20 21 30 115 100 20 12 120 80 100 110 140 wit ETF iit 1s 150 160 1ro 50 Misceflarieous expense