Application 16. Andy opened a hotel business to host zombies since 2018. She completed a partial worksheet shown below for Royal Zombies, with the year-end trial balance figures for Dec 31, 2018 already entered. 20A) Additional information: 1. Depreciation uses straight-line method. Andy bought a Meat-Grinding Machine on April 1, 2018 for $20,000. Its estimated salvage value is $4,000; estimated useful life 5 years. 2. An inventory count revealed that zombie food supplies at year-end is $640 3. In case staff gets eaten, Andy bought an annual zombie insurance on Oct 1", 2018. 4. The balance on Rent Revenue included a $550 credit entry, which represented a cash payment made by Claire Zombie in advance, for her stay in March 2019. 5. Late arriving invoices in 2018 fiscal period were: First-Aid Expense Utilities Expense Total $250 125 $375 Use the additional information to complete the worksheet. Journalize the adjusting entries. Complete a balance sheet. Then journalize the closing entries. Royal Zombies Worksheet Year Ended Dec 31, 2018 Accounts Trial Balance Adjustments Income Balance Sheet Statement DR CR DR CR DR CR DR CR Bank $5160 Food Supplies 1565 Prepaid Insurance 2000 Meat Grinder 20000 Accumulated Depreciation - Meat Grinder Truck 18000 A/P Frist Grind $5920 Unearned Revenue HST Payable 310 HST Recoverable 340 Andy Capital 12235 Andy Drawings 900 Rent Revenue 35000 Truck Expense 1000 First-Aid Expense - Utilities Expense 300 Wage Expense 3000 53465 53465 200 Oct/18/2021 R DATE PARTICULARS PR DEBIT CREDIT