1. Based on the following unadjusted trial balance for the company the Tech Academy, please record the following adjustments using t-accounts and journalizing the transactions:

• On December 31, the Tech Academy counted their supplies and realized they no longer have 3,000, now they have only 500.

• The insurance policy for 12 months was bought in November 1/2014.

• The Computers were bought 2 years ago, every year 20% of the initial value depreciates.

• The furniture was bought 1 year ago, every year 30% of the initial value depreciates.

• On December 31, 2,000 of wages payable were paid to employees.

• On December 31, 500 dollars of wages were owed to employees for services performed on December 27, 28, and 29.

• On December 1, the company signed a contract to perform services for 50 dollars per hour. On December 31, 100 hours of service have been performed.

• On December 1, the company signed a contract with a snow removal company, by the end of the month the snow removal company has provided services for 1,000 dollars to be payable in the future.

• On December 31, the company received 10,000 dollars in advance for services to be provided in the future.

• The companys car was bought 5 years ago, it depreciates at a rate of 10% per year.

• 2. Find the balances of each T-account and build the adjusted trial balance for the Tech Academy for December 31, 2015.