docx-Word MAILINGS REVIEW VEW PAGE LAYOUTREFERENCES Aa - Styles Paragraph Font Jericho Company had the following unadjusted account balances at the end of 2018. (Note: This is not a comprehensive list of their accounts) $12,000 6,000 Cash Accounts Receivable Prepaid Rent Equipment Accumulated Depreciation- Equipment Accounts Payable Income Tax Payable Common Stock 2,400 21,000 1,000 ,000 24,800 2,100 Retained Eamings Sales Revenue 50,000 Salaries and Wages Expense25,000 Utilities Expense Rent Expense Depreciation Expense Income Tax Expense 12,500 lericho had the following transactions occur throughout the year. These were not yet recorded in the accounts above Jericho used up half of its prepaid rent throughout the year. a. ': .ee 1AaBbCcD| AaBbCcD AaBbCr AaBbCcC AaB A . g-B-LNormal1NoSpac.. Heading 1 Heading 2 Title A// Aa. ::.:: AA- x' : Styles Paragraph nt Retained Eamings 50,000 Sales Revenue Salaries and Wages Expense25,000 Utilities Expense Rent Expense Depreciation Expense Income Tax Expense 12,500 Jericho had the following transactions occur throughout the year. These were not yet recorded in the accounts above. Jericho used up half of its prepaid rent throughout the year Depreciation expense for the year was $1,000. The company used $9,000 of utilities that remained unpaid by the end of the year. Income tax expense was $390. This amount will be remitted to the government in a. b. c. d. January. Required: 1. Prepare journal entries for each of the four transactions above 2. Prepare T-accounts to reflect the four transactions. 3. What is the BOOK VALUE Of the equipment at the end of 2018? 4. Prepare an Income Statement and Balance Sheet for Jericho Company for 2018 (after adjusting entries are made). Assume no dividends were paid throughout the year