Hi, looking for the solutions for this Trial Balance problem. Thanks

Trial Balance, December 31, 20X0 ($ in thousands)
		Balance
Account Number	Account Titles	Debit	Credit
10	Cash	60
20	Accounts Receivable	115
21	Note Receivable	100
30	Inventory	130
40	Prepaid Insurance	12
70	Equipment	120
70A	Accumulated depreciation, equipment		30
80	Accounts Payable		140
100	Paid-In Capital		65
110	Retained Earnings		182
130	Sales Revenue		950
150	Cost of goods sold	550
160	Wages expense	200
170	Miscellaneous expense	80
		1367	1367

a. The $100,000 note receivable was signed by a mojor customer. Its is a 3-month note dated November 1, 20X0. Interest earned during November and December was collected in cashe at 4 PM on December 31. The interest rate is 6% per year.

b. The prepaid Insurance account reflects a 1-year fire insurance policy acquired for $12,000 cash on September 1, 20X0.

c. Depreciation for 20X0 was $18,000.

d. Vancouver Computing paid wagers of $12,000 in cash at 5pm on December 31.

Also required

1. Enter the December 31 balances in T-accounts in a general ledger. Number the accounts. Allow room for additional T-accounts.

2. Prepare the journal entries prompted by the additional information. Show amounts in thousands.

3. Post the journal entries to the ledger. Key your postings. Create logical new account numbers as necessary.

4. Prepare a new trial balalnce, December 31, 20X0.