Chart of Accounts Group Account # Account Title 100: Assets 101 Cash 102 Accounts Receivable 103 Supplies 104 Prepaid Rent 110 Equipment 112 Accumulated Depreciation-Equipment 200: Liabilities 201 Accounts Payable 203 Wages Payable 210 Interest Payable 220 Notes Payable 300: Equity 301 Common Stock 310 Retained Earnings 320 Dividends 400: Revenues 401 Sales Revenue 500: Expenses 501 Wage Expense 502 Utilities Expense 503 Rent Expense 504 Administrative Expense 505 Insurance Expense 506 Supplies Expense 510 Depreciation Expense-Equipment 520 Interest Expense 600: Other 601 Income SummaryRequired > a. Journalize the transactions for the year. Omit explanations. b. Post the journal entries to the general ledger. c. Prepare an unadjusted trial balance as of December 31. 678 P4-7. Preparing the Trial Balance; Adjusting Journal Entries; Preparing Financial Statements. Using the information provided in P4-6, perform the following steps for Tides Tea Company: Required "> a. Journalize and post adjusting journal entries based on the following additional information (omit explanations): . At December 31, interest in the amount of $2,600 has accrued on the note payable but has not yet been recorded. This amount will be paid on January 31, 2019. . The rent payment made on February 28 was for a 12-month lease covering March 1, 2018, to Febru- ary 29, 2019. . Straight-line depreciation for the full year should be recorded on the equipment purchased on February 1. The equipment has a 15-year life and no residual value. . A total of $6,000 of supplies remains on hand at the end of the year. . Wage payments in the amount of $62,000 must be accrued at year-end. . On December 14, Tides received a utilities bill in the amount of $6,200 for the month of November that has not yet been recorded. The amount will be paid in January 2019. b. Prepare an adjusted trial balance as of December 31. c. Prepare an income statement, a statement of shareholders' equity, and a balance sheet.Sherlock Locksmiths, Inc. Adjusted Trial Balance At December 31, 2018 Account Debit Credit Cash $1,734,900 Accounts Receivable 778,000 Supplies 250,000 Prepaid Insurance 130,000 Equipment 360,000 Accumulated Depreciation-Equipment 28,000 Accounts Payable 1,275,000 Unearned Service Revenue 39,600 Wages Payable 280,000 Interest Payable 60,000 Notes Payable 320,000 Common Stock 1,200,000 Retained Earnings 0 Dividends 12,000 Service revenue 2, 160,000 Wage Expense 1,276,000 Utilities Expense 89,200 Selling Expense 72,500 Administrative Expense 182,000 Repairs Expense 62,000 Interest Expense 40,000 Insurance Expense 121,000 Supplies Expense 215,000 Depreciation Expense-Equipment 40,000 Totals $5,362,600 $5,362,600