Adjusting Journal Entries Account Title DEBIT CREDIT 750 Due by Tuesday 9/24 Bonus homework 2: The following are the trial balance and other information related to Hills Corp. Unadjusted Adjustments Adjusted Account Title DEBIT CREDIT # DEBIT CREDIT DEBIT CREDIT Cash $2550 Accounts receivable 49,600 Allowance for Doubtful Accounts Prepaid insurance 1.100 prepaid rett 1,950 Supplies 1960 Equipment 25.000 Accum deprec-equip Wages payable Note payable 7,200 Interest payable Common stock 25,010 Retained earnings 10,000 Dividends 2,000 Service reverse 100,000 Bad debt expense Wage expense 30.500 Rest expense 9.750 Depreciation expense Insurance expense Teterest Expense Office expense 720 Untities expense 1.080 Totals 149.210 149,210 1. Services performed for cients that were not recorded by 12/31, 54,900 2. Bad debt expense for the year is estimated as 51.430 3. Insurance expired for the year is $480 4. Equipment is being depreciated at 10% per year 5. His corp issues a 90-day note payble for $7200 on 12/12019, the actual sterest rate is 10% 6. Rent of the building is $975 per month. The rest for 2019 has been recorded as rent expense 7. Employees salaries eamed but unpaid December 31, 2019, $2510 10 31 2019 Requirement: 1. From the trial balance and other information provided, prepare annual adjusting entries as of 12/31/2019. (omit explanations) 2. Post your adjusted journal entries in the adjustment section and prepare adjusted trail balance in the worksheet. 3. Prepare an income statement, a retained earnings statement, and a balance sheet for the year ended 12/31/2019