3 20 points Mc Graw Requirement No 1 2 3 4 5 For transactions a-h, review the unadjusted balance and prepare the adjusting entry necessary to correctly report the revenue earned or the expense incurred. Each adjustment is posted automatically to the general ledger and trial balane as soon as you click "record entry". 6 General Journal 7 Date December 31 December 31 December 31 December 31 December 31 December 31 December 31 General Ledger Insurance expense Prepaid insurance Trial Balance Teaching supplies expense Teaching supplies Cash Depreciation expense - Equipment Accumulated depreciation - Equipment Depreciation expense Professional library Accumulated depreciation - Professional library Unearned training fees Income Statement Unearned training fees Training fees earned. Accounts receivable Tuition fees earned Salaries expense Salaries payable Account Title St Owner Equity Jhay 33 >> >> x * x * Balance Sheet 33 Debit 2,700 3,760 X 4,800 9,000 16,000 6,400 X 9,000 > 720 Impact on income < Prev Credit 2,700 3,760 X 4,800 9,000 16,000 6,400 9,000 720 3 of 15 www www