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Fernville Inn Company Unadjusted Trial Balance December 31, 2024 Balance Debit Credit Account Title Cash $ 11,900 Accounts Receivable 14,200 Prepaid Insurance 1,800 700 Office Supplies 518,000 $ 215,000 Building Accumulated Depreciation-Building Accounts Payable Salaries Payable 4,300 2,800 Unearned Revenue Fernville, Capital 315,880 2,300 Fernville, Withdrawals 14,900 Service Revenue ana Accounts Receivable 14,200 Prepaid Insurance 1,800 700 518,000 Office Supplies Building Accumulated Depreciation-Building Accounts Payable Salaries Payable $ 215,000 4,300 Unearned Revenue 2,800 315,880 Fernville, Capital Fernville, Withdrawals 2,300 Service Revenue 14,900 Salaries Expense 3,000 Insurance Expense Depreciation Expense-Building Advertising Expense Supplies Expense 980 $ Total 552,880 $ 552,880 More info Adjustment data at December 31 follow: a. As of December 31, Fernville had $600 of Prepaid Insurance remaining. b. At the end of the month, Fernville had $600 of office supplies remaining. c. Depreciation on the building is $2,100. d. Fernville pays its employees weekly on Friday. Its employees earn $2,500 for a five-day workweek. December 31 falls on Tuesday this year. e. On November 20, Fernville contracted to perform services for a client receiving $2,800 in advance. Fernville recorded this receipt of cash as Unearned Revenue. As of December 31, Fernville has $1,400 still unearned. Requirement 1. Journalize the adjusting entries on December 31. (Record debits first, then credits. Select the explanation on the last tine of the journal entry table) a. As of December 31, Fernville had $600 of Prepaid Insurance remaining Date Accounts and Explanation Debit Credit (a) Dec. 31 b. At the end of the month, Fernville had $600 of office supplies remaining. Date Credit Debit Accounts and Explanation (b) Dec 31 Requirement 2. The four-column ledger accounts have been opened for you using the unadjusted trial balance. Post the adjusting entries to the ledger accounts a. As of December 31, Fernville had $600 of Prepaid Insurance remaining Review the journal entry you prepared in Requirement 1. PREPAID INSURANCE Balance Date Item Post. Ref. Debit Credit Debit Credit 2024 Dec 31 Dec. 31 Balance 1,800 (a) INSURANCE EXPENSE Balance Debit Credit Debit Credit Date Item Post. Ref. 2024 0 Dec, 31 Balance [ Read the requirements. Requirement 3. Prepare the adjusted trial balance. Review the ledger accounts. Fernville Inn Company Adjusted Trial Balance December 31, 2024 Balance Account Title Debit Credit To Requirement 4. Autuming the used to balance has to equal toolcres, does this mean that the recorded.com WM the same recorded for the correct me and the