The unadjusted trial balance for Crane Engineering at its year end, December 31, 2021, is as follows: CRANE ENGINEERING Trial Balance December 31, 2021 Debit Credit Cash $ 8,400 Accounts receivable 5,950 Supplies 5,250 Prepaid insurance 7,320 Notes receivable 12,000 26,700 $8,010 Equipment Accumulated depreciation-equipment Accounts payable H. Duguay, capital H. Duguay, drawings 5,000 31,610 53,500 Service revenue 115,000 Salaries expense 40,500 - /20 H. Duguay, capital H. Duguay, drawings 31,610 53,500 Service revenue 115,000 Salaries expense 40,500 $ 159,620 $ 159,620 Additional information: 1. 2. 3. 4. Services of $ 10,350 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 $ 2,670. A count on December 31, 2021, showed $ 1,700 of supplies on hand. The four-month, 49 note receivable was issued on October 1, 2021. Interest and principal are payable on the maturity date. 5. Prepare adjusting entries for the year ended December 31, 2021. (Credit account tities 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 0 for the amounts.) - 20 Prepare adjusting entries for the year ended December 31, 2021. (Credit account tities are automatically indented when amount is entered. Do not indent manually. If no antry is required, select "No Entry for the account tities and entero for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31 (To accrue revenue earned but not biled or collected Dec. 31 (To record insurance expired Dec 31 (To record depreciation Dec. 31 MacBook Air Dec. 31 (To record supplies used) Dec. 31 (To record accrued interest) Post the adjusting entries. (Post entries in the order of journal entries presented in the previous part.) Accounts Receivable Accounts Receivable Interest Receivable Prepaid Insurance Supplies Question 3 of 4 Supplies Accumulated Depreciation-Equipment Service Revenue Interest Revenue Supplies Expense Depreciation Expense Insurance Expense 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 Account Titles and explanation Dec 31 (To close revenue accounts) Dec. 31 (To close expense accounts) Dec. 31 (To close expense accounts) Dec. 31 I (To close profit to capital) Dec. 31 (To close drawings account)