Below is an incomplete year-end worksheet which you will have to complete 1. Make the necessary adjustments, given the information items a through g. 2. Once the worksheet is completed make the gen. journal closing entries. Trial Balance ----Adjustments---- Adjusted Trial Balance Inc. Statement Balance Sheet Debit Credit adj. ref. Debit Credit Debit Credit Debit Credit Debit Credit Cash 11500 Accounts receivable 16300 Supplies 750 Prepaid Insurance 975 Prepaid Rent 7350 Equipment 42000 Accum. Depreciation, Equip. 16200 Accounts Payable 8525 Salary Payable Unearned Service revenue 865 Betty, Jones, Capital 48250 Betty, Jones, Withdrawals 35201 Service Revenue 97480 a and f Depreciation Expense Supplies Exp. Salary Expense 52444 Utilities Exp. 4800 Insurance Exp. Rent Exp. Totals 171320 171320 0 0 0 0 0 0 0 0 Profit/Loss Totals 0 0 0 0 a. $250 of the Unearned serv. Rev. account balance has now been earned b. A year-end inventory reveals there is now 650 supplies on hand c. The office we rent has been in use all 12 months this past year and the monthly rental rate has been 525 per month for many years. d. The equipment is estimated to last 5 years. All the equipment was bought a few years ago. e. At year end we owe our employees $625 in accrued compensation. f. $1,200 of revenue has been earned but not yet recorded nor collected. g. Our current insurance policy will expire after 6 months into next year. Insurance Costs us 75 per month