The unadjusted trial balance at December 31, 2021, and the year-end adjustment data for Swift Creek Engineering are presented below:

Additional information:1. Services of $10,440 were provided but unrecorded and uncollected as at December 31, 2021.

2. On June 1, the company purchased a one-year insurance policy.

3. Depreciation on the equipment for 2021 is $2,780.

4. A count on December 31, 2021, showed $1,750 of supplies on hand.

5. The four-month, 4% note receivable was issued on October 1, 2021. Interest and principal are payable on the maturity date.

Instructions

Prepare the work sheet for the year ended December 31, 2021.

Transcribed Image Text:

SWIFT CREEK ENGINEERING Trial Balance December 31, 2021 Debit Credit Cash $ 8,450 Accounts receivable 6,250 Supplies Prepaid insurance Notes receivable 5,260 7,440 12,000 Equipment Accumulated depreciation-equipment Accounts payable H. Duguay, capital H. Duguay, drawings Service revenue 27,800 $ 8,340 4,560 34,900 53,500 112,300 Salaries expense 39,400 $160,100 $160,100