Question: Eric Shehan is a student working on an internship at Mahon Ltd. On December 31, 2020, the company had its year end. Eric's boss brought

 Eric Shehan is a student working on an internship at Mahon
Ltd. On December 31, 2020, the company had its year end. Eric's

Eric Shehan is a student working on an internship at Mahon Ltd. On December 31, 2020, the company had its year end. Eric's boss brought him the following information Accounts Payable Cash Notes Payable Inventory Common Shares Sales Revenue Retained Earnings (at January 1, 2020) Cost of Goods Sold Utilities Expense Interest Revenue Accounts Receivable Interest Expense $217,000 Wages Expense 117,000 Notes Receivable 251,000 Rent Expense 312,000 Dividends Declared 350,000 Supplies 3,402,000 Insurance Expense 1,122,000 Equipment 2,041,000 Accumulated Depreciation Equipment 87,000 Miscellaneous Expense 10,000 Unearned Revenue 424,000 Advertising Expense 8,000 $357,000 199,000 32,000 180,000 11,000 16,000 1,671,000 161,000 32,000 29,000 55,000 These account amounts are correct, but Eric's boss advised him that the information did not reflect the following information: 1. Accrued interest of $5,000 on the notes receivable. 2. Employees earned $79,000 in bonuses based on achieving sales targets. These are payable on January 10, 2021. 3. Accrued interest on the note payable amounting to $6,000 is due in January 2021. 4. As of December 31, 2020, the supplies still on hand had a cost of $7,000. 5. The insurance expense includes $3,000 in premiums related to coverage for 2021. 6. Depreciation for 2020 is $166,000 on the equipment. 7. The company's board declared additional dividends of $252,000, which are payable to shareholders on January 15, 2021. Determine the amounts that would appear in an adjusted trial balance for Mahon Ltd. as at December 31, 2020. Mahon Ltd. Adjusted Trial Balance December 31, 2020 Debits , Credits

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