5. Prepare a trial balance from the ledger accounts of 2020. 2 points Black Diamond Express as of January 31, Accounts Payable s 500 3,000 200 1,300 0Accounts Receivable $ 1,100 CRent Expense Cash Owner's Capital 1,700 0Service Revenue 1,400 0 Supplies 2,000 Salaries and Wages Expense COwner's Drawings 1,000 6 For each of the following accounts, indicate the balance. 2 points effects of (a) a debit and (b) the normal account 1. Notes Payable 2. Prepaid Insurance 3. Salaries and Wages Expense 4. Service Revenue 5. Equipment 6. Owner's Capital 7. Rhodes National purchased software on October 1, 2020 for $14,400. The company expects to use the software for 3 years. It has no salvage value. 2 points 1. What adjusting journal entry should the company make at the end of each month if monthly financials are prepared? (annual depreciation is $4,800) 2. What balance will be reported on the December 31, 2020 balance sheet for Accumulated Depreciation? 8 Celebraty Printings sold annual subscriptions to their magazine for $33,000 in December, 2019. The magazine is published monthly. The new subscribers received their first magazine in January, 2020. 2 points 1. What adjusting entry should be made in January if the subscriptions were originally recorded as a liability? What amount will be reported on the January 2020 balance sheet for Unearned Subscription Revenue? 2