Journal Final Question On December 31, the following data were accumulated for preparing the adjusting entries for Bellingham Realty The supplies account balance on December 31 is $5,865, the supplies on hand on December 31 are $1,330 The unearmed rent account balance on December 31 is $4,100 representing the receipt of an advance payment on December 1 of four months rent from tenants Wages accrued but not paid at December 31 are $2,030 Fees eaned but unbilled at December 31 are $18,090 Depreciation of office equipment is $4.500 Required 1 Journalize the adjusting entries required at December 3t. Refer to the Chart of Accounts for exact wording of account ties 2 What a the diference betveen adjusting entres and cormecting entries? Journal Final Question structions Chart of Accounts Journal 1. Journalize the adjusting entries required on December 31 Refer to the Chart of Accounts for exact wording of account es JOURNAL ACCOUNTING EQUATION DEBIT CREDIT ASSETS LIABILITIES EQUIT DESCRIPTION POST RE DATE Adjusting Entries Balance sheet Chart of Balance Sheet Optimum Weight Loss Co. offers personal weight reduction consulting sevices to indveduals After all the accoure end of the tscal.rear, the balances of selected accounts from the ledger of Optmum Weight Loss Co ae as tollows have been dosed on venber 30 201 Accounts Payable Accounts Recevable Accumulated Depreciation-Equipment Cash Equipment Land Prepaid Insurance Prepaid Rent Salaries Payable Chenyf Viers, Capital Supplies Uneaned Fees $37.900 116,550 184,300 478.850 300.000 7,800 20,700 8400 710,100 4,800 17,900 Previous Balance sheet Labels Current assets Current liabilibes For the Year Ended November 30,2019 November 30,2019 Property, plant, and equipment Total assets Total current assets Total Nabilities Total liabilities and owner's equity Total property, plant, and equipment Prepare a classified balance sheet that includes the correct balance for Cash Fixed assets must be enured in oder accndg statement heading. Use the Nst of Labels and Amount Descriptions for the comet word Less on the balance sheet they will automaltically insert where necessary wording of feat toms oiher han account ames Optimum Weight Loss Co Balance Sheet (Label) Assets (Label) Previous Not