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Question 1 2 Counterpoint Studios has completed all the entries for the month of November 2021, except the monthly adjusting entries The following information is available to make the adjustments. Nov 30 Annual depreciation on equipment totals $9,000 Nov 30 Interest accrued on the bank loan is $500 Nov 30 Services were performed for $8,100 to be received next month Nov 30 The annual insurance policy was purchased on December 1, 2020, for $21,900 Complete the six-column worksheet for Counterpoint Studios, 51 42 1 15 Counterpoint Studios Worksheet November 30, 2021 16 47 40 Account Titles Trial Balance Debit Credit Adjustments Debit Credit Adjusted Trial Balance Debit Credit 18 # Cash 52,250 Accounts Receivable 24,800 u Prepaid Insurance 1,825 * Equipment 295,400 * Accumulated Depn-Equipment * Accounts Payable Bank Loan 1 Wu, Capital n Wu, Withdrawals 60,000 1 Service Revenue * Advertising Expense 100,000 1 Salaries & Wages Expens 185,000 Insurance Expense 20.075 Depreciation Expense 8,250 1. Interest Payable Interest Expense 96,850 31,500 140,000 96.750 382,500 12 10 51 747,600 747,600 Question 1 Question 2 Question 2 China