Assignment 2 Chapter 3 - Protected ViewSaved to this PC- Harpreet Sandhu Draw Design Layout References Mailings Review View Help Be careful les from the Internet can containeuses. Unless you need to disse to stay in Proteded Vew Share Comments Enable Editing Question 1 Green River Rafting Ltd. has a year-end of December 31. Using the information and the template for journal entries below, prepare the adjusting journal entries for the following transactions. No explanations are required. On January 1, 2019, the company purchased a 2 year insurance policy for $3,600. 2) The company prepaid $4,800 for 4 months rent on November 1, 2019. 3) The company purchased supplies at the beginning of the year for $3,000 and had $400 worth of supplies on hand at the end of the year. 4) The company owes $800 in interest expense for a loan taken earlier in the year, the company has not yet recorded or paid the interest. 5) Services performed but unbilled and uncollected from customers at year-end is $2,500. 6). At the end of the year, wages that have not yet been paid or recorded are $1,000. 7) The company received $1,700 from a customer in advance which was posted to the Service Revenues account. By the end of December, 25% of services were completed for the customer. 8) Depreciation on equipment for the year is $3,200, which has not been recorded. 9) The company had advertisement costs of $1,900 during December which the company has not recorded. The company also has not received an invoice from the vendor. DATE ACCOUNT DEBIT CREDIT Focus O ENG to search 12:57 AM 2020-05-27 II B ES M # 3 hp assignment 2 Chapter 3 - Protected views Saved to this C. Harpreet Sandhu 2 Share po Insert Draw Design Layout Roterences Mailings Review View Help W Be carefules from the Internet can contain viruses. Unless you need to edit it's safer to stay in Protected View Enable Editing Question 2 Given the adjusted trial balance for Stylish sind below as of December 31, 2019 prepere: 1 The income statement 2. The statement of retained earnings 1 Clong entries for December 31, 2019 Financial Statements must include appropriate headings. No explanations are required for the desing entries provide answers in the templates below). Stylish Cutstd. Adjusted Trial Balance December 31, 2015 Deble 5 18,750 Cash $ $ $ S 9,000 11.000 3.300 65,000 Accounts receivable Inventory Prepaid insurance Equipment Accumulated depreciation equipment Accounts payable Uneamed service revenue Salary payable Common shares Retained earnings Dividends Service revenue Administrative expense Advertising expense Depreciation expense Supplies expense Utilities expense Wages expense S $ $ $ $ $ 8.800 9,600 5.000 2,700 30,000 48,050 $ 2.000 $ 47,000 $ $ $ 5 $ $ 7,000 1.500 2.100 1.300 9,400 20,800 5151,150 5151,150 Focus to search o BI 00 ENG