Adjusting Entries The following selected accounts appear in the Birch Company's unadjusted trial balance as of December 31, the end of the fiscal year all accounts have normal balance Prepaid Mantrance 12,00 Camiones famed 566.000 Supplies 3.400 pente 10.000 Unearned Cousin Fees 3000 Required Prepare the necessary adjusting entries in the general journal as of December 31, assuming the following: 1. On September 1, the company entered into a prepaid equipment maintenance contract. Birch Company paid $2,700 to cover maintenance service for six months beginning September 1. The payment was debited to Prepaid Maintenance. 2. Supplies on hand at December 31 are $2,900 3. Unearned commission fees at December 31 are $4,000, 4. Commission fees earned but not yet billed at December 31 are $3.500 (Note: Debit Fees Receivable) S. Birch Company's lease calls for rent of $900 per month payable on the first of each month, plus an annual amount equal to 2 of annual commissions earned. This additional rent is payable on January 10 of the following year. (Note: Be sure to use the adjusted amount of commissions earned in computing the additional rent.) Ref. Debit Credit (1) $ tA (2) General Journal Date Description Dec 31 Maintenance Expense Prepaid Maintenance To record four months maintenance expense. 31 Supplies Expense Supplies . To record cost of supplies used. 31 Unearned Commission Fees Commission Fees Earned To transfer fees earned from unearned fees. 31 Fees Receivable Commission Fees Earned . To record fees earned but not yet billed. 31 Rent Expense Rent Payable . To record additional 2012 rent. (3) (4)