Instruction: Solve the following case on a separate sheet. Neatly show your solutions and for each requirement.

(mam: throw) Instruction: Solve the following case on a separate sheet. Neatly show your solutions and for each requirement. Cloud Break Consulting has the following information at June 30, 2014: CLOUD BREAK CONSULTING Unadjusted Trial Balance June 30, 2014 Account Title Debit Credit Cash P 131,000 Accounts receivable 104,000 Supplies 4,000 Prepaid rent 27,000 Land 45,000 Building 300,000 Accumulated depreciationbuilding P 155,000 Accounts payable 159,000 Unearned service revenue 40,000 Moe, capital 102,000 Moe, drawing 7,000 Service revenue 450,000 Salary expense 255,000 Rent expense 25,000 Miscellaneous expense 8,000 Total P 906,000 P 906,000 Cloud Break must make adjusting entries for the following Items: a. Supplies on hand at year-end, $1,000. b. Nine months of rent ($27,000) were paid in advance on April 1, 2014. 51 c. Depreciation expense on the building of $12,000 has not been recorded. d. Employees work Monday through Friday. The weekly payroll is $5,000 and is paid every Friday. June 30, 2014, is a Monday. e. Service navenue of $15,000 must be accmed. f. Cloud Break received $40,000 in advance for consulting services to be provided evenly from January 1, 2014, through August 31, 2014. None of the revenue from this client has been recorded. Requirements 1. Open the ledger T-aocounts with their unadjusted balances. 2. Journalize Cloud Break's adjusting entries at June 30, 2014, and post the entries to the T- accounts. 3. Prepare the complete work sheet