journalize the six Dec. 31 adjusting entries for Cole Designs that adjusted the accounts to arrive at the financial statements in the Adjusted Financial Statements panel. Refer to the chart of accounts for exact wording of account titles. Journalize each adjustment as a seperate entry.

CHART OF ACCOUNTS Cole Designs General Ledger ASSETS REVENUE 11 Cash 41 Fees Earned 12 Accounts Receivable 14 Supplies EXPENSES 15 Prepaid Insurance 51 Wages Expense 52 Supplies Expense 18 Equipment 19 Accumulated Depreciation-Equipment 55 Insurance Expense 56 Depreciation Expense LIABILITIES 22 Wages Payable 23 Unearned Fees EQUITY 31 Ann Cole, Capital 32 Ann Cole, Drawing These financial statements were prepared from the unadjusted trial balance. Cole Designs Income Statement For the Year Ended December 31, 2018 1 Fees earned $68,200.00 44,300.00 2. Wages expense 3 Net income $23,900.00 Cole Designs Balance Sheet December 31, 2018 1 Assets $5,000.00 2 Cash Cole Designs Balance Sheet December 31, 2018 1 Assets 2 Cash $5,000.00 3 Accounts receivable 31,400.00 4 Supplies 3,575,00 5 Prepaid Insurance 4,200.00 6 Equipment 11,000.00 7 Total assets $55,175.00 8 Liabilities $8,600.00 9 Unearned fees 10 Owner's Equity 46,575.00 11 Ann Cole, Capital $55,175.00 12 Total liabilities and owner's equity financial statements were prepared from the adjusted trial balance. Cole Designs Income Statement For the Year Ended December 31, 2018 Fees earned $74,050.00 Expenses: Wages expense $46,150.00 Supplies expense 3,465.00 15 Insurance expense 2,700.00 1,700.00 Depreciation expense 6 17 Total expenses 54,015.00 8 Net income $20,035.00 December 31, 2018 1 Assets 2 Cash $5,000.00 3 Accounts receivable 32,000.00 4 Supplies 110.00 5 Prepaid Insurance 1,500.00 6 Equipment $11,000.00 7 Less accumulated depreciation equipment 1,700.00 9,300.00 8 Total assets $47.910.00 9 Liabilities $1,850.00 10 Wages payable 11 Unearned fees 3,350.00 $5,200.00 12 Total liabilities 13 Owner's Equity 14 Ann Cole, Capital 42,710.00 $47.910.00 15 Total liabilities and owner's equity