A companys Trial Balance on Dec 31 is shown below:

	TRIAL BALANCE
	31-Dec-20
Account number	Description	Debit	Credit
102	Cash	16,200
115	Account Receivable	6,000
127	Supplies	1,600
140	Prepaid Insurance	3,600
158	Equipment	14,400
201	Accounts Payable		4,700
209	Unearned Service Revenue		14,600
311	Share Capital-ordinary		20,000
400	Service Revenue		9,500
726	Salaries and Wages expense	5,000
729	Rent Expense	2,000

In addition to those accounts listed on the Trial Balance, the chart of accounts for the company also contains following accounts and account numbers:

158 Accumulated Depreciation equipment

212 Salaries and Wages Payable

631 Supplies expense

711 Depreciation expense

722 insurance expense

732 utilities expense

Other data:

1. Supplies on hand on Dec 31 are $340
2. Received a utility bill for $185 that has not been recorded and will not be paid until next month
3. The insurance policy is for a year
4. $1,500 of unearned service revenue is recorded for services performed at the end of the month
5. Salaries of $ 600 are accrued on Dec 31
6. The equipment has a 5-year life with no residual value.
7. Invoices representing $2,400 of services performed during the month have not been recorded as of December 31

Instructions

1. Prepare the adjusting entries for the month of December.
2. Enter the totals from the Trial Balance as beginning account balances and place a checkmark in the posting reference column. Post the adjusting entries to the ledger accounts
3. Prepare an adjusted Trial Balance on December 31.