JCs Companys unadjusted and adjusted trial balances at

December 31, 2017, follow.

Unadjusted trial Balance

	DR	CR
Cash	105,000
Prepaid Rent	60,000
Supplies	38,000
Office furniture	460,000
Accumulated dep office furniture		92,000
Accounts payable		102,500
Salaries payable
Unearned service revenue		15,900
SWT, Capital		453,000
SWT, Drawing	15,400
Service revenue		205,000
Salaries expense	110,000
Depreciation expense
Supplies Expense
Rent Expense	80,000
	868,400	868,400

Adjusted Trial Balance

		DR	CR
Cash		105,000
Prepaid Rent		20,000
Supplies		19,500
Office furniture		460,000
Accumulated dep office furniture			138,000
Accounts payable			102,500
Salaries payable			30,000
Unearned service revenue			5,500
SWT, Capital			453,000
SWT, Drawing		15,400
Service revenue			215,400
Salaries expense		140,000
Depreciation expense		46,000
Supplies Expense		18,500
Rent Expense		120,000
		944,400	944,400

Requirement:

Journalize the adjusting entries that account for the differences between the two

trial balances and provide a brief narration for each entry recorded.

Prepare the income statement for the year ended December 31, 2017

Prepare the owners equity statement for December 31, 2017

Prepare the balance sheet as at December 31, 2017