1. Based on the following unadjusted trial balance for the company the Tech Academy, please record the following adjustments using t- accounts and journalizing the transactions:

On December 31, the Tech Academy counted their supplies and realized they no longer have 3,000, now they have only 500. The insurance policy for 12 months was bought in November 1/2014. The Computers were bought 2 years ago, every year 20% of the initial value depreciates. The furniture was bought 1 year ago, every year 30% of the initial value depreciates. On December 31, 2,000 of wages payable were paid to employees. On December 31, 500 dollars of wages were owed to employees for services performed on December 27, 28, and 29. On December 1, the company signed a contract to perform services for 50 dollars per hour. On December 31, 100 hours of service have been performed. On December 1, the company signed a contract with a snow removal company, by the end of the month the snow removal company has provided services for 1,000 dollars to be payable in the future. On December 31, the company received 10,000 dollars in advance for services to be provided in the future. The companys car was bought 5 years ago, it depreciates at a rate of 10% per year.

2. Find the balances of each T-account and build the adjusted trial balance for the Tech Academy for December 31, 2015.

1. Based on the following unadjusted trial balance for the company the Tech Academy, please record the following adjustments using t- accounts and journalizing the transactions: Tech Academy Unadusted Trial Balance Dec 31/2015 Debit Credit Cash $ 12,000 Prepaid Expense - Supplies $ 3,000 Prepaid Expense - Insurance $ 2,400 Furniture $ 5,000 Cornputers $ 3,000 Company Car $ 40,000 Accounts Payable $ 30,000 Wages Payable S 5,000 Notes Payable $ 5,000 Owner's Capital $ 20.000 Revenues $ 8,900 Wages Expense $ 2,000 Rent Expense $ 1,000 Utilities Expense $ 500 TOTAL $ 68,900 $ 68,900