The unadjusted trial balance for Carla Vista Engineering at its year end, December 31, 2021. is as follows: Credit CARLA VISTA ENGINEERING Trial Balance December 31, 2021 Debit Cash $8.900 Accounts receivable 5,850 Supplies 5.150 Prepaid insurance 7.560 Notes receivable 12,000 Equipment 26,900 Accumulated depreciation equipment Accounts payable H. Duguay, capital H. Duguay, drawings 52,500 Service revenue Salaries expense 38,500 $157,360 $8,070 5,000 33,290 111,000 $157,360 9.44/10 Additional information 1 2 3. 4. Services of $10,650 was provided but unrecorded and uncollected as at December 31, 2021 On June 1, the company purchased a one-year insurance policy Depreciation on the equipment for 2021 is $2.690. A count on December 31, 2021, showed $1,800 of supplies on hand. The four-month 4% note receivable was issued on October 1, 2021. Interest and principal are payable on the maturity date. 5 (a) Your Answer Correct Answer Your answer is correct. Prepare adjusting entries for the year ended December 31, 2021. (Credit account titles are automatically indented when amount is entered. Do not indent manually. I no entry is required, select "No Entry" for the account titles and enter for the amounts) O RI here to search ENG 20 2000 Date Account Titles and Explanation Debit Credit Dec. 31 Accounts Receivable 10650 Service Revenue 10650 (To accrue revenue earned but not billed or collected) Dec 31 Insurance Expense 4410 4410 Prepaid insurance (To record insurance expired) Depreciation Expense Dec. 31 2690 2690 Accumulated Depreciation Equipment (To record depreciation) Supplies Expense 3350 Dec. 31 3350 Supplies {To record supplies used) 120 Dec. 31 Interest Receivable 120 Interest Revenue Type here to search i E Post the adjusting entries. (Post entries in the order of journal entries presented in the previous part.) Accounts Receivable Bal 5850 Dec 31 10650 16500 Interest Receivable Dec 31 120 Prepaid Insurance Bal 7560 Dec. 31 4410 Bal 3150 Supplies Type here to search O Bol 1300 Accumulated Depreciation Equipment Bal. 8070 Dec. 31 2690 Bal 10760 Service Revenue Bal 111000 Dec. 31 10650 Bal. 121650 Interest Revenue Dec. 31 120 120 Dec 31 Supplies Expense Dec.31 3350 Depreciation Expense Dec 31 2690 Insurance Expense Dec 31 4410 e Textbook and Media Attempts: 1 of 3 used Prepare closing entries. (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 for the amounts.) Debit Credit Date Dec. 31 Account Titles and Explanation Service Revenue 121650 Accounts Receivable Income Summary 121650 (To close revenue accounts) 48950 Dec 31 Income Summary 38500 Salaries Expense 4410 Insurance Expense 3350 Supplies Expense 2690 Depreciation Expense o Type here to search 1 Supplies Expense 3350 Depreciation Expense 2690 (To close expense accounts) Dec. 31 Income Summary 33290 H. Duguay, Capital 33290 (To close profitto capital) H. Duguay, Capital Dec. 31 52500 52500 H. Duguay, Drawings To close drawings account) e Textbook and Media Attempts: 1 of 3 used Submit Answer Save for Later