Exercise 4-5 The adjustments columns of the worksheet for Munoz Company are shown below. Adjustments Account Titles Debit Credit Accounts Receivable 600 Prepaid Insurance 400 Accumulated DepreciationEquipment 900 Salaries and Wages Payable 500 Service Revenue 600 Salaries and Wages Expense 500 Insurance Expense 400 Depreciation Expense 900 2,400 2,400 (a) Prepare adjusting entries in order presented in the problem. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit 1. 2. 3. 4. (b) Indicate with an "X" the financial statement column to which each balance should be extended. Income Statement Balance Sheet Account Titles Debit Credit Debit Credit Accounts Receivable Prepaid Insurance Accumulated DepreciationEquipment Salaries and Wages Payable Service Revenue Salaries and Wages Expense Insurance Expense Depreciation Expense Click here if you would like to Show Work for this