Accounting 200 Lab makeup Assignment (ONLY FOR NEW LAB STUDENTS) Due by Tuesday, October 4th at 12pm. Turn in to your lab TA or School of Accountancy front desk (attn.: Rob Stussie). Gecko Corp. Trial Balance December 31, 2016 Dr. Cr. Cash 19,500 Accounts Receivable Prepaid Insurance 6,000 Supplies 4,300 Land 25,000 Cottages 131,600 Furniture 14,100 Accumulated Depreciation Accounts Payable 6,500 Unearned Rent Revenue 6,800 Mortgage Payable 70,600 Common Stock 100,000 Dividends Rent Revenue 5,000 85,600 Salaries Expense 51,000 Utilities Expense 9,400 Repair Expense 3,600 Depreciation Expense Supplies Expense Advertising Expense Total 269,500 269,500 The accountant, Mr. Wick, noticed that the following adjustments were required before the December 31st financial statements could be prepared for the new resort. The business was started on July 1, 2016. 1. Rent was due from tenants at December 31, 2016 in the amount of $2,000 (accounts receivable). Nothing was recorded yet. 2. Prepaid Advertising expires at the rate of $350 per month. The adjusting journal entry is needed to show 6 months of this Prepaid Advertising has been used by December 31st. 3. Unearned rent revenue of $3,000 was earned as of December 31, 2010. No adjustment has been recorded yet. 4. Supplies on hand as of December 31st were $1,350. 5. Depreciation on the cottages and furniture has not yet been recorded for the year. Record depreciation expense of $6,355. Part 1 instructions: 1. Prepare the adjusting journal entries. 2. Post the transactions to individual accounts. (Hint: You only need to prepare T-accounts for the accounts that changed.) Remember to start with the beginning balance as you find it in the trial balance above, and then post the amount from your journal entry. 3. Prepare an adjusted trial balance for Gecko Corp. as of December 31st.