Account Title Debit Credit Cash Accounts Receivable Service Supplies Furniture and Fixtures Service Equipment Accounts Payable Loans Payable Mr. Gray, Capital Mr. Gray, Drawing $7,480.00 3,400.00 1,500.00 3,000.00 16,000.00 $9,000.00 12,000.00 13,200.00 7,000.00 Service Revenue 9,550.00 Rent Expense 1,500.00 3,500.00 370.00 Salaries Expense Taxes and Licenses Totals At the end of December, the following information was also available: 1. Performed services on account, $300 2. Utilities payable $1800. Accounts Receivable 3,400.00 1,500.00 3,000.00 16,000.00 Service Supplies Furniture and Fixtures Service Equipment Accounts Payable Loans Payable Mr. Gray, Capital Mr. Gray, Drawing Service Revenue Rent Expense Salaries Expense Taxes and Licenses Totals $9,000.00 12,000.00 13,200.00 7,000.00 9,550.00 1,500.00 3,500.00 370.00 At the end of December, the following information was also available 1. Performed services on account, $300 2. Utilities payable $1800. 3. Service Supplies Expense paid amounted to $900 4. Accumulated Depreciation on the asset $720. Required: 1. Prepare the adjusting entries. 2. Extract the Adjusted Trial Balance at 31 December 2017. 3. Prepare the Income Statement, statement of Owner's Equity and Balance Sheeta