Continuing ProblemP3-45 (p. 176) is the third in the series of problems that will continue throughout this course.

The Continuing Problem for chapters 1 through 5will take you throughthe accounting cycle process for Daniels Consulting.

In this chapter's continuing problem, you willuse the T-accounts from thelast chapter's continuing problem P2-41. You will journalize and post the adjusting entries for Daniels Consulting as well as prepare the adjusted trial balance.

Continuing ProblemP3-45 is worth 25 points.

Use the attached worksheet to complete your work.

Chapter 3 Continuing Problem P3-45 Name: Requirement 1 - 20 pts Date Accounts and Explanation Debit Credit Date Accounts and Explanation Debit Credit Cash Accounts Payable Accounts Receivable Unearned Revenue Office Supplies Salaries Payable Equipment Daniels, Capital Accumulated DepreciationEquipment Daniels, Withdrawals Furniture Service Revenue Accumulated DepreciationFurniture Rent Expense Utilities Expense Supplies Expense Salaries Expense Depreciation ExpenseEquipment Depreciation ExpenseFurniture Requirement 2- 5 pts Account Title Balance Debit Credit