1) Based on the unadjusted trial balance for Highlight Styling and the adjusting information given below, prepare the adjusting journal entries for Highlight Styling. Cash Prepaid insurance Supplies Equipment Building Land Accumulated depreciation-shop equipment Unearned revenue Accumulated depreciation-building Long-term notes payable Bella Hanson, Capital Rent revenue Fees revenue Wages expense tionist, works a fiv Utilities expense Highlight Styling Trial Balance December 31 Property taxes expense Interest expense Totals worked four days this totaling $450, have Debit $ 2,200 1,680 790 3,860 59,500 55,000 3,200 690 600 4,350 Credit $ 770 3,840 2,600 50,000 48,860 2,400 23,400 $ 131,870 $ 131,870

1) Based on the unadjusted trial balance for Highlight Styling and the adjusting intormation given below, prepare the adjusting journal entries for Highlight Styling. Highlight Styling Trial Balance December 31 Highlight Styling Trial Balance December 31 Debit Credit Cash $2,200 Prepaid insurance 1,680 Supplies 790 Equipment 3,860 Accumulated depreciation-shop equipment $770 Building 59,500 Accumulated depreciation-building Land 55,000 Unearned revenue Long-term notes payable Bella Hanson, Capital Rent revenue Fees revenue Wages expense Utilities expense Property taxes expense Interest expense Totals 3,840 2,600 50,000 48,860 2,400 23,400 3,200 690 600 4,350 $131,870$131,870 Student name: ESSAY, Write your answer in the space provided or on a separate sheet of paper. 1) Based on the unadjusted trial balance for Highlight Styling and the adjusting information 1) Based on the unadjusted trial balance for Highlight Styling and the adjusting intormation given below, prepare the adjusting journal entries for Highlight Styling. Highlight Styling Trial Balance December 31 Highlight Styling Trial Balance December 31 Debit Credit Cash $2,200 Prepaid insurance 1,680 Supplies 790 Equipment 3,860 Accumulated depreciation-shop equipment $770 Building 59,500 Accumulated depreciation-building Land 55,000 Unearned revenue Long-term notes payable Bella Hanson, Capital Rent revenue Fees revenue Wages expense Utilities expense Property taxes expense Interest expense Totals 3,840 2,600 50,000 48,860 2,400 23,400 3,200 690 600 4,350 $131,870$131,870 Student name: ESSAY, Write your answer in the space provided or on a separate sheet of paper. 1) Based on the unadjusted trial balance for Highlight Styling and the adjusting information