Comprehensive Problem Bug-Off Exterminators (Algo] Oh Off Exterminators provides pest control services and sells extermination products manufactured by 30 other companies. Following is the company's unadjusted trial balance an of December 31, 1021. December 31, 2071 Unadjusted Trial Balance Debit Credit $ 19 200 Accounts receivable 20 570 Allowance for doubtful accounts Merchandise Inventory 15,000 Trucki 13,000 Accumulated depreciation-Truck Equipment 51400 Accumulated depreciation-Equipment 14.070 Accounts payable 5.350 Estimated warranty liability 1830 Unearned service revenge Interest payable Long-term notes payable Common Mock 71.000 Retained earnings 63.600 Dividendi 21070 Extermination services revenue 17000 Interest revenue Sales (of merchandise] Cout of goods wild Depreciation popeout-Trucky Depreciation axpenis - Equipment Intermit copenis Rent expense Bad debti spenta Miscellaneous mapence 13 500 Totali They following information in a through h applies to the company at the end of the current your. a. The bark reconciliation at of December I1, 3031, Includes the following facts. Cash balance par bank $ 16, 300 Cash balance par books Demanding checks Diponit in iranin Interout earned Jon hank ncount] 75A + Give Feedback to Microsoft Page 1 of 10 1.591 worth English (LIS.)Outstanding checks 3.350 Deposit in transit 3,000 Interest earned (on bank account) - TA Bank service charges (miscellaneous expense] 26 Reported on the bank statement is a canceled check that the company failed to record. (Information from the bank reconciliation allows you to determine the amount of this check, which is a payment on an account payable.} b. An examination of customers' accounts shows that accounts totaling $690 should be written off as uncollectible. Using an aging of receivables, the company determines that the ending balance of the Allowance for Doubtful Accounts should be $735. c. A truck is purchased and placed in service on January 1, 2021. Its cout is being depreciated with the straight-line method using the following facts and estimates. Original cost $ 43,000 Expected salvage value $ 12,400 Useful life (year) d. Two items of equipment [a sprayer and an injector) were purchased and put Into service in early January 2019. They are bring depreciated with the straight line method using these facts and citimites. Sprayer Injector Original cost $ 29,200 $ 32.400 Expected theage value $ 3,000 $ 1.600 Useful life (year] C. On September 1. 2021, the company is paid $15,900 cash in advance to provide monthly service for an apartment complex for one year. The company began providing the services in September. When the cash win received, the full amount was credited to the Extermination Services Revenue account. f. The company offers a warranty for the services it sell. The expected cost of providing warranty service is 25% of the extermination services revenue of $71,400 for 2021. No warranty expense has been recorded for 2021. All costs of servicing warranties in 201 were properly debited to the Estimated Warranty Liability account. B. The 526,000 long-term note is an BN, five year, Interest-bearing note with interest payable annually on December 31. The note was signed with First National Bank on December 31, 2021 h. The ending inventory of merchandise is counted and determined to have a cost of $13,900, Bug- Off uses a perpetual inventory system. Required: L. Determine amounts for the following items: L Correct (reconciled) ending balance of Cash; and the amount of the omitted check. Adjustment needed to obtain the correct ending balance of the Allowance for Doubtful Accounts k. Depreciation expense for the truck used during year 2021. L Depreciation expense for the two items of equipment used during your 2021. m. The adjusted 3031 ending balances of the Extermination Services Revenue and Unearned Serviori Revenue accounts. Give Feedback In Microsofta. Reconciled balance of cash $16,850 a. Omitted check $2,398 b. Nocessary adjustment $505 c. Depreciation expense $7 050 Sprayer Injector d. Depreciation expense $3,275 $3 760 Extermination Services Unearned Services Revenue Revenue 0. Ending balances after $71.400 $10.600 adjustment Warranty Expense Estimated Warranty Liability 1. Ending balances alter $1.785solocled answer $3,735solocled answer adjustment COITOCT Interest Expense Interest Payable J. Ending balances after adjustment Use the results of part 1 to complete the six-column table by first entering the appropriate adjustments for items a through p and then completing the adjusted trial balance column. Hit Item b requires two adjustments. Note: Do not round your intermediate calculations.DUG OFF ELTERMINATOR December 30, bad Apartments Debit Accounts For doubt Arrumy 5.650 1 950 Incumed Interest Long him notes 26 080 Common 21,000 Retained Dividends 21,000 83 080 Stries 46 009 20 00 1.270 13.500 Topense 1309.T40 SOUR TAO 416.850 1215Prepare journal entries to record the adjustments entered on the six-column table. Assume Bug Off's adjusted balance for Merchandise Inventory matches the year-end physical count. Note: If no entry is required for a particular transaction, select "No Journal entry required" in the first account field. Do not round your intermediate calculations. No Transaction General Journal Debit Credit 1 Prepare a single-step income statement for 2021. DUG-OFF EXTERMINATORS Income Statement 2031BUG-OFF EXTERMINATORS Income Statement For Year Ended December 31, 2021 Revenues Total revenue $176,720 Total expenses 158.785 Net ucoupe selected answer correct $17.935 Prepare the statement of retained earnings [cash dividends during 2921 were $21,060) for 2021.BUG-OFF EXTERMINATORS Statement of Retained Earnings For Year Ended December 31, 2021 Prepare a classified balance sheet for December 31, 2021. Note: Amounts to be deducted should be indicated with a minus sign. Do not round your intermediate calculations.File Home Insert Layout References Review View Help Share y BIU. .. BUG OFF EXTERMINATORS Balance Sheet December 31, 2021 Assets Current assets Total current assets Plint assets Total plant Total assets Liabilities Current Kabilities Totil current Long Him Libitics Equity Toloinquiry 9 2 3 5 P W