BA 221 - Financial Accounting ADJUSTING ENTRIES Exercise 4 Partial unadjusted trial balance of ATS Consulting Company is given below: ATS CONSULTING COMPANY ATS Consulting Company Unadjusted Trial Balance December 31, 2018 Account Name Cash Note receivables Office supplies Debit $ 35,000 115,000 5,500 500,000 30,000 155,500 Credit Building Prepaid Insurance Stocks Account Payable Unearned Service Revenue Note payable 130,500 409,500 92,000 Utilities Expense Insurance Expense Rent Expense 22,000 16,500 4,500 914,000 914,000 ATS Consulting Company was established on January 1, 2018. As of December 31, 2018, the following additional information is available: 1. Accrued Salary expense is $50,000 2. Depreciation expense for building is S 5,000. 3. $ 20,000 of prepaid insurance has expired as of December 31, 2018. 4. Accrued interest revenue as of December 31, 2018 is $ 35,000. 5. As of December 31, Office Supplies on hand totaled $ 3.700. 6. $ 72,000 of unearned service revenue has been earned Required: Prepare the adjusting entries