Elevance Health Unadjusted Trial Balance December 31, 2023 Cash Accounts Receivable Supplies Prepaid Rent Equipment Accumulated Depreciation Accounts Payable Unearned Revenue Common Stock Retained Earnings Dividends Service Revenue Salaries Expense Advertising Expense Utilities Expense Debits Credits $23,000 7,000 2,400 48,000 28,000 9,000 $2,800 3,800 5,600 20,600 15,000 182,700 110,000 1,800 1,300 $230,500 $230,500 Additional Information: a) The equipment was purchased on January 1, 2022. The useful life is estimated to be 10 years. b) As of December 31, 2023, the Company had accrued salaries of $1,900 c) of the balance in the Unearned Revenue account, $1,000 had not been earned by year-end. d) A count of supplies on December 31, 2023 showed $800 of supplies had been used during the year. e) On May 1, 2023, the Company rented an office building for one year and paid $48,000 in cash. The adjusting entry to record (a) above is:

Complete the aging schedule. Number of Days Accounts Outstanding Receivable Estimated % Uncollectible 0-45 days $ $734,000 2% 46-90 days 265,000 5% Over 90 days 106,000 15% Total $1,105,000 +A $ Total Estimated Uncollectible Acco

2019 Ending Balances     DEBITS CREDITS Cash 17,000   Marketable Securities 2,000   Accounts Rec. 14,000   Allowance for Bad Debt   2,000 Inventory 15,000   Prepaid Insurance 5,000   Land 30,000   Building 150,000   Accumulated Dep. - Building   45,000 Equipment 100,000   Accumulated Dep. - Equipment   20,000 Accounts Payable   9,000 Salaries Payable     Unearned Revenue   2,000 Interest Payable     Income Taxes Payable   3,000 Note Payable     Bonds   100,000 Common Stock   50,000 Additional Pd-in-Capital   80,000 Retained Earnings   22,000   333,000 333,000 Complete the following jounral entries: Salaries are $2,200 per month (12 months of salaries expense must be booked).  It is expected that one-half month will be owed on 12/31/20 because of when payday falls (therefore, 11.5 months of salaries have been paid and ½ month is still owed to the employees at year end). $56,000 in cash is borrowed on 9/30/20 by issuing a Note…

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