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The T-accounts, along with their unadjusted balances, have been opened for you. Post the adjustments and then calculate the adjusted balance of each account. Denote each adjusting amount as Adj. (alon with the corresponding letter reference; Adj. (a), Adj. (b), etc.) and an account balance as Bal. (Depr. = Depreciation.) Review the adjusting entries you prepared above. Canyon Canoe Company completed the following transactions in November and December and prepared the following unadjusted trial balance at December 31,2025 : View the unadjusted trial balance. At December 31, the business gathers the following information for the adjusting entries: View the additional information. Read the requirements. Requirement 1. Journalize and post the adjusting entries. In the T-accounts, denote each adjusting amount as Adj. and an account balance as Bal. Begin by journalizing the adjusting entries. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) a. Supplies on hand $165. Requirement 2. Prepare an adjusted trial balance as of December 31, 2025. Review the ending balances of the T-accounts that you prepared above. b. Rent of one month has been used. (Hint: See the second December 1 transaction.) d. $400 of unearned revenue has now been earned. (Assume that the initial unearned revenue was recorded as a liability.) e. The employee who has been working the rental booth has earned $1,250 in wages that will be paid January 15,2026 . Dec. 1 Wilson contributed land on the river (worth $85,000 ) and a small building to use as a rental office (worth $35,000 ) in exchange for capital. Dec. 1 Prepaid $3,000 for three months' rent on the warehouse where the company stores the canoes. Dec. 2 Purchased canoes, signing a notes payable for $7,200. Dec. 4 Purchased supplies on account for $500. Dec. 9 Received $4,500 cash for canoe rentals to customers. Dec. 15 Rented canoes to customers for $3,500 and will be paid next month. Dec. 16 Received a $750 deposit from a canoe rental group that will use the canoes nex month. Dec. 18 Paid the utilities and telephone bills from last month. Dec. 19 Paid various accounts payable, $2,000. Dec. 20 Received bills for the telephone (\$325) and utilities (\$295) which will be paid later. Dec. 31 Paid wages of $1,800. Dec. 31 Wilson withdrew $300 cash from the business. f. Canyon Canoe has earned $1,850 of canoe rental revenue that has not been recorded or received. recorded on these canoes to date.) Additional Information a. Supplies on hand, $165 b. Rent of one month has been used. (Hint: See the second December 1 transaction.) c. Determine the depreciation on the building using straight-line depreciation. Assume the useful life of the building is five years and the residual value is $5,000. (Hint: The building was purchased on December 1.) d. $400 of unearned revenue has now been earned. (Assume that the initial unearned revenue was recorded as a liability.) e. The employee who has been working the rental booth has earned $1,250 in wages that will be paid January 15, 2026. f. Canyon Canoe has earned $1,850 of canoe rental revenue that has not been recorded or received. g. Determine the depreciation on the canoes purchased on November 3 using straight-line depreciation. Assume the useful life of the canoes is four years and the residual value is $0. h. Determine the depreciation on the canoes purchased on December 2 using straight-line depreciation. Assume the useful life of the canoes is four years and the residual value is $0. i. Interest expense accrued on the notes payable, $50. \begin{tabular}{|c|c|c|c|} \hline \multicolumn{4}{|c|}{CanyonCanoeCompanyUnadjustedTrialBalanceDecember31,2025} \\ \hline & \multicolumn{3}{|c|}{ Balance } \\ \hline Account Title & \multicolumn{2}{|c|}{ Debit } & \multirow[t]{2}{*}{ Credit } \\ \hline Cash & $ & 12,125 & \\ \hline Accounts Receivable & & 5,750 & \\ \hline Supplies & & 1,250 & \\ \hline Prepaid Rent & & 3,000 & \\ \hline Land & & 85,000 & \\ \hline Building & & 35,000 & \\ \hline Canoes & & 12,000 & \\ \hline Accounts Payable & & $ & 3,050 \\ \hline Utilities Payable & & & 295 \\ \hline Telephone Payable & & & 325 \\ \hline Unearned Revenue & & & 750 \\ \hline \end{tabular} November and December Transactions Nov. 1 Received $16,000 cash to begin the company and gave capital to Wilson. Nov. 2 Signed a lease for a building and paid $1,200 for the first month's rent. Nov. 3 Purchased canoes for $4,800 on account. Nov. 4 Purchased supplies on account, $750. Nov. 7 Earned $1,400 cash for rental of canoes. Nov. 13 Paid $1,500 cash for wages. Nov. 15 Wilson withdrew $50 cash from the business. Nov. 16 Received a bill for $150 for utilities. (Use separate payable account.) Nov. 20 Received a bill for $175 for cell phone expenses. (Use separate payable account.) Nov. 22 Rented canoes to Outdoor Adventure Club on account, $3,000. Nov. 26 Paid $1,000 on account related to the November 3 purchase. Nov. 28 Received $750 from Outdoor Adventure Club for canoe rental on November 22. Nov. 30 Wilson withdrew $100 cash from the business. Dec. 1 Wilson contributed land on the river (worth $85,000 ) and a small building to use as a rental office (worth $35,000 ) in exchange for capital. Dec. 1 Prepaid $3,000 for three months' rent on the warehouse where the company stores the canoes i. Interest expense accrued on the notes payable, $50