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Journal entries questions 1-6 listed in the first picture. Questions 7-10 as follows:

7.) Prepare the journal entry necessary to close the revenue account(s).

8.) Prepare the journal entry necessary to close the expense account(s).

9.) Prepare the journal entry to close the income statement.

10.) Prepare the journal entry to close M. Sweet, Withdrawals.

GL0401 - Based on... LO C3, P2, P3 The Sweet Homes Company began operations on December 1, 2019. The unadjusted trial balance of the Sweet Homes Company as of December 31, 2019 is found on the trial balance tab. The following information is required to prepare the necessary adjusting entries for the Sweet Homes Company found in chapter 3 1) The balance in Prepaid insurance represents a 24-month policy that went into effect on December 1, 2019. Review the unadjusted balance in Prepaid insurance, and prepare the necessary adjusting entry, if any. 2) Based on a physical count, supplies on hand total $4,200. Review the unadjusted balance in Supplies, and prepare the necessary adjusting entry, if any. 3) The equipment is expected to have a 4-year useful life, and be worth about $11,000 at the end of four years, Review the unadjusted balance in Accumulated depreciation, and prepare the necessary adjusting entry, if any. 4) On December 26, the client paid a $7,200 60-day fee in advance, covering December 27 to February 24. Review the unadjusted balance in Unearned Consulting Revenue, and prepare the necessary adjusting entry, if any. 5) Sweet Homes's sole employee earns $130 per day for a five-day workweek beginning on Monday and ending on Friday. The employee was last paid on Friday, December 26. Review the unadjusted balance in Salaries payable, and prepare the necessary adjusting entry, if any. 6) In the second week of December, Sweet Homes agreed to provide 30 days of consulting services to a local fitness club for a fixed fee of $6,060. The terms of the initial agreement call for Sweet Homes to provide services from December 12, 2019, through January 10, 2020, or 30 days of service. The club agrees to pay Sweet Homes $6,060 on January 10, 2020, when the service period is complete. Review the unadjusted balance in Consulting revenue, and prepare the necessary adjusting entry, if any. Prepare the required adjusting and closing entries for the Sweet Homes Company Journal entry worksheet 1 2 3 4 5 6 7 8 9 10 The balance in Prepaid insurance represents a 24-month policy that went into effect on December 1, 2019. Review the unadjusted balance in Prepaid insurance, and prepare the necessary adjusting entry, if any. Note: Enter debits before credits Account Title Debit Credit Date Dec 31 Record entry Clear entry View general journal Trial Balance December 31, 2017 Account Title Credit Cash $ Debit 21,045 5,600 7.200 27,800 12,200 7,200 40.000 Supplies Prepaid insurance Equipment Accounts payable Unearned consulting revenue M. Sweet, Capital M. Sweet, Withdrawals Consulting revenue Rental revenue Salaries expense Rent expense Utilities expense Total 1,100 7,600 300 2.210) 1,950 395 67,300 $