The following trial balance was taken from the books of Sela Corporation at the end of its fiscal year on December 31, 2021. Sela Corporation offers accounting professional services to clients. Account Debit Credit Cash $30,000 Accounts Receivable 50,000 Notes Payable $24,000 Allowance for Doubtful Accounts 3,000 Supplies 34,000 Prepaid Insurance 20,000 Equipment, cost 200,000 Accumulated Depreciation--Equip. 25,000 Income Tax Payable 10,800 Common Stock 45,360 Retained Earnings 1/1/2021 50,000 Service Revenue 276,000 Unearned Service Revenue 4,000 Utilities expense 32,160 Salaries and Wages Expense 54,000 Rent Expense 18,000 Totals 438,160 438,160 At year end, the following items have either not yet been recorded or not recorded properly. a. Insurance expired during the year, $2,200 b. Estimated bad debts for the year $900 c. Depreciation on equipment, 5% per year on original cost. d. The note payable is a 90-day (3 months), 2% APR. The note was signed and given to the bank on December 1, 2021. The note matures on February 28, 2022. e. Rent paid in advance at December 31, 2021, $6,000 (originally charged to rent expense). f. Accrued salaries and wages at December 31, 2021, $8,000 g. Of the unearned service revenue, $2,600 was earned on December 31, 2021. h. Service for $3,500 was provided to a client but the client was not billed by December 31, 2021. i. An inventory count on December 31, 2021 showed $14,000 of supplies on hand.

Include journal entries and final adjusted account