e. On November 20, Guthrie contracted to perform services for a client recen $3,600 in advance. Guthrie recorded this receipt of cash as Uncamned Rescue daroonded for the Gross 31,20 GUTHRIE INN COMPANY Unadjusted Trial Balance December 31, 2018 Balance Credit Debit Account Title $ 13,500 15,100 4,600 800 530,000 5260,000 1,710 0 Accounts Receivable Prepaid Insurance Office Supplies Building Accumulated Depreciation--Building Accounts Payable Sataries Payable Unearned Revenue Guthrie, Capital Guthrie, Withdrawals Service Revenue Salaries Expense Insurance Expense Depreciation Expense Building Advertising Expense Supplies Expense Total 3,600 288,950 1 Service 18 Degre 2,340 15,500 2,800 0 23 Tota 620 0 5 569,760 5 569,760 b. d e Adjustment data at December 31 follow: 1. As of December 31, Guthric had $700 of Prepaid Insurance remaining b. At the end of the month, Guthrie had $500 of office supplies remaining c. Depreciation on the building is $1,200. d. Guthrie pays its employees weekly on Friday. Its employees five-day workweek. December 31 falls on Wednesday this year. R 1 carn $1,800 for As of December 31, Guthrie has $1,600 still uncarned. Requirements 1. Journalize the adjusting entries on December 31. 2. Using the unadjusted trial balance, open the accounts (use a four-column ledger) with the unadjusted balances. 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. P3-37A Using the worksheet to record the adjusting journal entries Greavy Theater Production Company's partially completed worksheet as of December 31, 2018, follows