Based on the following information, prepare the adjusting journal entries for Bella's Beauty Salon. Bella's Beauty Salon's unadjusted trial balance for the current year follows: Cash Prepaid insurance Supplies BELLA'S BEAUTY SALON Trial Balance December 31, 2014 Equipment Accumulated depreciation - Equipment Land Unearned rent Common stock $ 4,200 1,480 990 3,860 55.000 $ 770 1,600 10,000 Retained earnings Fees earned Rent revenue Wages expense Utilities expense Totals 3,200 690 31,250 23,400 2,400 $69,420 $69,420 ne Additional information: a. An insurance policy examination showed $1,240 of expired insurance b. A physical count showed $210 of unused supplies still available c. Depreciation expense on equipment, $350 d. $800 of the Unearned Rent account balance was earned by year-end. e. The one employee, a receptionist, works a five-day workweek at $50 per day. The employee was paid last week but has worked four days this week for which she has not been paid. a. e C. d. Debit Credit Question 1 From the group exercise, what is the Prepaid Insurance balance after the adjusting entries are done? 50 $240 $1.480 $2.720 Question 2 From the group exercise, what is the Accumulated Depreciation - Equipment balance after the adjusting entries are done? SO $420 $770 $1.120 nline als Question 3 From the group exercise, how much is the Wages Payable (Note: no existing balance is available in the unadjusted trial balance)? $50 $200 0 $250 $3.200 Question 4 The matching concept O addresses the relationship between the journal and the balance sheet determines whether the normal balance of an account is a debit or credit requires that the dollar amount of debits equal the dollar amount of credits on a trial balance states that expenses related to revenue be reported at the same time the revenue is reported