4. This exercise appears in your Workbook. The simplified general ledger of Shahid Company of Abbotsford, British Columbia, at the end of its annual fiscal period appears below. A. Using the additional information that is provided, record the year- end adjusting entries directly in the T-accounts. B. Prepare an adjusted trial balance. 400 Bank Prepaid Insurance 1 800 Accounts Receivable 8 285 Supplies 1 900 Land Buildings 50 000 70 000 Accum. Depr. Buildings Equipment Accum. Depr. Equipment 6 750 96 500 24 000 Accounts Payable 3 200 J. Salk, Capital J. Salk, Drawings 144 985 30 000 Revenue 140 700 Bank Charges Expense 450 Delivery Expense 1500 Miscellaneous Expense 490 Telephone Expense 390 Utilities Expense 1300 Wages Expense 56 620 Supplies Expense Insurance Expense Depreciation Exp.- Buildings Depreciation Exp.- Equipment Additional Information 1. Inventory of supplies at the year-end is $850. 2. Unexpired insurance at the year-end is $625. 3. Depreciation is calculated on a straight-line basis. The building is expected to last 40 years, after which it will be worth $25 000. The equipment is expected to last 15 years, after which it will be worth $6 500. Ignore the 50% rule. Page