10 blem 3 Chapter 5 Homework Handout Andrew Leah has just hired you as his bookkeeper for his landscaping company. The company makes adjusting entries annually, and the pervious accountant had been making the appropriate entries up through 2019. It's now 2000 and you're given the trial balance below and some additional information. Make the appropriate adjusting entries Leah's Landscaping Service Trial Balance December 31, 2020 Account Titles Debit Credit Cash 4,000 Accounts Receivable) 200 Prepaid Insurance 2,400 Landscaping Supplies 395 Landscaping Equipment 3,600 Accumulated Depreciation 1020 Accounts Payable: 632 A. Leah, Capital 5,021 Landscaping Revenue 6.362 Heat Expense 400 Advertising Expense 180 Wage Expense 1360 Totals 13.035 13.035 The insurance policy had been purchased on September 1, 2020, for $2,400, and covers 2 years The landscaping equipment was purchased on January 2, 2018, has a salvage value of $540, and an estimated useful life of 6 years. The company uses the straight-line method to calculate depreciation. An inventory of lanscaping supplies indicates there's $230 left. On December 31, 2020, $240 in wages are owed to employees. Tip: Remember you are journalizing the December 31 adjusting entry, NOT the original transaction! Date: Chapter 5 Homework Handout Problem 3 Journal Template Accounts D Cred