Data Table lje Lexington Inn Company Unadjusted Trial Balance December 31, 2018 Balance Account Title Cash Accounts Receivable Prepaid Insurance Office Supplies Building Accumulated Depreciation Building Accounts Payable Salaries Payable Unearned Revenue Debit Credit 11,900 12,300 3,200 1,100 520,000 $ 370,000 4,300 2,800 Print Done More Info Adjustment data at December 31 follow: a. As of December 31, Lexington had $1,000 of Prepaid Insurance remaining. b. At the end of the month, Lexington had $200 of office supplies remaining. c. Depreciation on the building is $2,600. d. Lexington pays its employees weekly on Friday. Its employees earn $3,000 for a five-day workweek. December 31 falls on Wednesday this year e. On November 20, Lexington contracted to perform services for a client receiving $2,800 in advance. Lexington recorded this receipt of cash as Unearned Revenue. As of December 31, Lexington has $900 still unearned Print Done Requirements 1. Journalize the adjusting entries on December 31 2. The four-column ledger accounts have been opened for you using the unadjusted trial balance. Post the adjusting entries to the ledger accounts 3. Prepare the adjusted trial balance 4. Assuming the adjusted trial balance has total debits equal to total credits, does this mean that the adjusting entries have been recorded correctly? Explain Print Done