Homework 2-Chapters 3 & 4(1) - Saved to my Mac $ Mallings Review View Tell me E 21 AaBbccD Heading Cod Cabide Emphasis Abede Normal Strong HOMEWORK2 Part I. Use the laformation below to answer Parts A-Con this page and the next. Come Graphics Company was organized on January 1, 2017. The trial balance before adjustment et December 31, 2018 contained the following account balances: Comet Graphies Company Unadjusted Trial Balance December 31, 2018 Credits 2,700 Debit Cash $9,500 Accounts Receivable 14,000 Supplies Prepaid Insurance 1,800 Equipment 45,000 Accounts Payable Uacked Consulting Fees Revenue Note Payable Common Stock Retained Bamings Divideod 2,000 Graphic Fees Revenue Salaries Expense 30,000 Advertising Expense 1,900 Real Expense 1,500 Utilities Expanse 1.700 $110,100 9,000 5,000 17.000 15,000 12,000 52,100 $110,100 Part A: Journalise the appropriate adjusting estry (using correct general Journal form), based on the following additional data (numbers 1-5): 1. The $2,700 balance in Supplies represent supplies purchased in January of 2018. Af December 31, 2018 there were $1,500 of supplies on hand 2 The sole peable des September 1, 2018 12%, 6-el sol O Focus States) MacBook Pro 3. The balance in Prepaid Insurance is the premium on a one-year policy, dated March 1, 2018. ACCT 2301 (Fall 2021) 4. Consulting Fees are credited to Uncamned Consulting Fees Revenue when received. At December 31, 2018 consulting fees of $1,000 contracted for January 2019 have yet to be performed. All other consulting projects have been finished. S. The equipment was purchased on January 1, 2018. It has a 10-year useful life and no salvage value. Part B: Determine Eading Retalsed Earnings at December 31, 2018 (after adjusting entries have been made). Part Determine Total Assets as of December 31, 2018 (after adjusting entries have been made) 25) - Focus