The trial balance of State Service Company pertains to December 31, 20X3, which is the end of its year-long accounting period. Data needed for the adjusting entries include

a. Supplies on hand at year end, $2,000.

b. Depreciation on furniture and fixtures, $20,000.

c. Depreciation on building, $10,000.

d. Salaries owed but not yet paid. $5,000.

e. Accrued service revenue, $12,000.

f. Of the $45,000 balance of unearned service revenue, $32,000 was earned during the year. Required 1. Open the ledger accounts with their unadjusted balances. Show dollar amounts in thousands as done for Accounts Receivable: ACCOUNTS RECEIVABLE 370 2. Journalize State Service Company's adjusting entries at December 31, 20X3. Key entries by letter, as in Exhibit 3-9. 3. Post the adjusting entries. 4. Write the trial balance on a work sheet, enter the adjusting entries, and prepare an adjusted trial balance, as shown in Exhibit 3-10. 5. Prepare the income statement, the statement of owner's equity, and the balance sheet. Draw arrows linking these three financial statements.