Journalize the six December 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 separate entry.

Cole Designs

Income Statement

For the Year Ended December 31, 2018

1	Fees earned		$77,000.00
2	Expenses:
3	Wages expense	$47,200.00
4	Supplies expense	3,515.00
5	Insurance expense	2,900.00
6	Depreciation expense	2,000.00
7	Total expenses		55,615.00
8	Net income		$21,385.00

CHART OF ACCOUNTS

Cole Designs

General Ledger

	ASSETS
11	Cash
12	Accounts Receivable
14	Supplies
15	Prepaid Insurance
18	Equipment
19	Accumulated Depreciation-Equipment

	LIABILITIES
22	Wages Payable
23	Unearned Fees

	EQUITY
31	Ann Cole, Capital
32	Ann Cole, Drawing

	REVENUE
41	Fees Earned

	EXPENSES
51	Wages Expense
52	Supplies Expense
55	Insurance Expense
56	Depreciation Expense