Adjusted Trial Balance Problem 12 The ledger of Strauss & Co. has the following partial list of accounts at December 31st, 2018 ADJUSTMENTS Prepaid insuranc 21,000 Equipment 52,000 Prepaid Rent 24,000 Unearned Incom 15,000 Salaries and wa 36,000 Insurance Expen: 148,000 Rent Expense Deprec Expense Prepaid Sal & Wages Revenue Accumulated Deprec An analysis of the accounts shows the following: Insurance of $21,000 was paid on March 31st for 12 months Rent was paid on October 1st for 10 months in advance Equipment was purchased on March 1st and is being depreciated over 4 years Salaries and wages of $3,600 was paid in December for the 2 weeks ending January 7th, 2019 Revenue was received on May ist in the amount of $15,000. It was for a service contract ending April 30th, 2019 Prepare the listing of adjusting entries at year end, in the proper journal entry format Show what the correct balances in the accounts listed above should be after the adjusting entries