V&V is a non profit organization whose mission is to provide service and help the blind, deaf and mute. D ADJUSTED trial balance, before year end closing entries: Account Description 101 Cash 102 Accounts receivable 103 Allowance for doubtful accounts 104 Prepaid expenses 105 Property, plant & equipment 106 Accumulated depreciation 201 Bank loan 2019 Debit Credit 23 166 242 204 1.158 4259 638 913 472 075 175 000 202 Accounts payable 279 840 203 Salaries and remittance payable 60 368 204 205 206 Long term debt 301 Miscellanous loans Current portion of long term debt Invested in capital assets-opening 428 516 45 339 48 395 105952 302 Unrestricted-opening 716 617 401 Government grants 1067 190 402 Donations/contributions 102 209 403 Service revenue 643 241 404 Other revenues 36 308 501 Salaries and remittance 1206 739 502 Professional fees 190 175 503 Rent 174 442 504 505 Traveling 506 Depreciation Telecommunication 507 Office supplies 508 Insurance 509 Training 510 Bad debt 511 Marketing 512 Interest and bank fees 39 069 29 905 50 480 61613 8 354 16 958 1 158 16 550 44 989 3 465 591 December 31, 2020, its following year end. V&V presents the following UNADJUST 2020 Debit 126 793 192 660 Account # Description 101 Cash 102 Accounts receivable 103 Allowance for doubtful accounts 104 Prepaid expenses 105 Property, plant & equipment 106 Accumulated depreciation 201 Bank loan 202 203 204 Accounts payable Miscellanous loans Salaries and remittance payable 205 Current portion of long term debt 206 301 Long term debt Invested in capital assets - opening 4461 638 913