Jaworski's Ski Store is completing the accounting process for its first year ended December 31, 2018. The transactions during 2018 have been journalized and posted. The following data are available to determine adjusting journal entries: a. The unadjusted balance in Supplies was $1,070 at December 31, 2018. The unadjusted balance in Supplies Expense was $0 at December 31, 2018. A year-end count showed $210 of supplies on hand. b. Wages earned by employees during December 2018, unpaid and unrecorded at December 31, 2018, amounted to $4,800. The last paychecks were issued December 28; the next payments will be made on January 6, 2019. The unadjusted balance in Salaries and Wages Expense was $51,000 at December 31, 2018. c. A portion of the store's basement is now being rented for $2,200 per month to K. Frey. On November 1, 2018, the store collected six months' rent in advance from Frey in the amount of $13,200. It was credited in full to Deferred Revenue when collected. The unadjusted balance in Rent Revenue was $0 at December 31, 2018 d. The store purchased delivery equipment at the beginning of the year. The estimated depreciation for 2018 is $3,100, although none has been recorded yet. e On December 31, 2018, the unadjusted balance in Prepaid Insurance was $3,440. This was the amount paid in the middle of the year for a two-year insurance policy with coverage beginning on July 1, 2018. The unadjusted balance in Insurance Expense was $710, which was the cost of insurance from January 1 to June 30, 2018. 1. Jaworski's store did some ski repair work for Frey. At the end of December 31, 2018, Frey had not paid for work completed amounting to $860. This amount has not yet been recorded as Service Revenue. Collection is expected during January 2019. Required: For each of the transactions, indicate the amount and direction of effects of the adjusting journal entry on the elements of the accounting equation. (Enter any decreases to Assets, Liabilities, or Stockholders' Equity with a minus sign.) Required: For each of the transactions, indicate the amount and direction of effects of the adjusting journal entry on the elements of the accounting equation (Enter any decreases to Assets, Liabilities, or Stockholders' Equity with a minus sign.) Assets Liabilites Transaction a Supplies b Stockholder's Equity Supplies Expense (860) (860) c. d e Accounts Payable Accounts Receivable Accumulated Amortization Accumulated Depreciation-Buildings Dummy Accumulated Depreciation-Equipment Accumulated Depreciation-Vehicles Advertising Expense Amortization Expense Bad Debt Expense - Buildings Cash Common Stock Copyrights Cost of Goods Sold vererred Revenue Delivery Expense Depreciation Expense Dividends Dividends Payable Donation Revenue Equipment Franchise Rights Goodwill Income Tax Expense Income Tax Payable Insurance Expense Interest Expense Interest Payable Interest Receivable Interest Revenue Inventory VT b. C. Land d. e f. Legal Expense Licensing Rights Logo and Trademarks Notes Payable (long-term) Motor Davabla (chort-tarml Notes Receivable (short-term) Office Expenses Patents Prepaid Advertising Prepaid Insurance Prepaid Rent Rent Expense Rent Revenue Repairs and Maintenance Expense Retained Earnings Salaries and Wages Expense Salaries and Wages Payable Sales Revenue Service Revenue Short-term Investments C. Software d d. Subscription Revenue e. Supplies f. Supplies Expense Travel Expense Utilities Expense