Completing the Acc Learning 22 Preparing closing entries from T-accounts Selected accounts for Kebby Photography at December 31, 2018, follow: Kebby, Capital 49,000 Kebby, Withdrawals 14,000 Service Revenue 33,000 4,500 Supplies Expense 2,700 Salaries Expense 31,800 1,400 Depreciation Expense-Building 7,000 Depreciation Expense-Furniture 1,500 Complet e Accounting Cycle 229 Learning objectives 1. 2. 3. Completing the accounting cycle from a distingentries to post.com al balance with an optional worksheet crial balance of Walton Anvil at 2018, and the date to 5. et income $18.890 che siustments follow WALTON ANVILS Unadjusted Trial Balance December 31, 2018 Debit $ 13,480 14 500 2.320 1,700 23,000 $1,000 7.100 Account Title Cash Accounts Receivable Prepaid Rent Office Supplies Equipment Accumulated Depreciation Equipment Accounts Payable Salaries Payable Uneared Revenue Walton, Capital Walton, withdrawals Service Revenue Salarles Expense Rent Expense Depreciation Expense-Equipment Supplies Expense Total 6,000 2.500 19.500 $ 62,100 $ 62,100 Adjustment data: a. Unearned Revenue still unearned at December 31, $1,800. b. Prepaid Rent still in force at December 31, 52,100. c. Office Supplies used, $1,500. d. Depreciation, $390 c. Accrued Salaries Expense at December 31, $200. Requirements 1. Open the T-accounts using the balances in the unadjusted trial balance. 2. Complete the worksheet for the year ended December 31, 2018 (optional) 3. Prepare the adjusting entries, and post to the accounts. 4. Prepare an adjusted trial balance. 5. Prepare the income statement, the statement of owner's equity, and the classified balance sheet in report form. Assume that there were no contributions made by the owner during the year