1: What amount of Prepaid Insurance will appear on the Balance Sheet?

2: After adjusting entries are recorded, what is the Book Value of Property, Plant, and Equipment reported on the Balance Sheet?

3: What amount of Unearned Service Revenue will be reported on the Balance Sheet?

4: What amount of Service Revenue is reported on the Income Statement?

Use the following Unadjusted Trial Balance and adjusting entries information to answer the questions that follow. Adjustments Debit Credit Ref Ref Catalonia, Inc. Trial Balance December 31, 20x1 Trial Balance Debit Credit 372,000 156,000 180,000 144,000 870,000 250,000 192,000 78,500 29,000 a d 75,000 54,000 b 20,000 d Account Name Cash Supplies Accounts Receivable Prepaid Insurance Property, Plant, and Equipment Accum. Depreciation Accounts Payable Unearned Service Revenue Salaries & Wages Payable Interest Payable Income Tax Payable Common Stock Retained Earnings Service Revenue Interest Expense Salaries & Wags Expense Supplies Expense Insurance Expense Depreciation Expense Income Tax Expense 53,500 42,500 56,000 24,413 (1907 200,000 705,250 378,400 21,500 d 23,400 58,750 e f a b 56,000 42,500 29,000 54,000 20,000 24,413 300,913 1,804,150 1,804,150 300,913