Kristen Company Unadjusted Trial Balance December 31, 2018 Cash 125,000 Accounts Receivable 30,000 Supplies 12,000 Prepaid Insurance 36,000 Inventory 100,000 Vehicle 14,000 Equipment 64,000 Accumulated Depreciation 35,000 Accounts Payable 9,000 Unearned Revenue 18,600 Wages Payable 12,500 Long-Term Notes Payable 46,000 Common Stock 35,000 Retained Earnings (1/1/2018) 65,700 Dividends 4,000 Service Revenue 586,000 Repair Expense 1,800 Delivery Expense 50,000 Depreciation Expense 6,000 Rent Expense 64,000 Insurance Expense 10,000 Wages Expense 190,000 Supplies Expense 50,000 Interest Expense 6,000 Income Tax Expense 45,000 Total 807,800 807,800 adjusting journal entries, use only the account names provided in the Unadjusted Trial Balance (do not create any new account names and do not abbreviate account names). The prepaid insurance balance reflects a 12-month insurance policy which started on Sept. 1, 2018, and no adjustments were made from Sept. 1 - Dec. 31, 2018. Write the adjusting journal entry for Dec. 31, 2018. Additional depreciation expense of $15,000 needs to be recorded for the year ended 2018. Wages due to employees of $8,000 need to be recorded at year end. These wages will be paid to employees on January 9, 2019. (next month) . The company has completed $12,900 of the amount in unearned revenue as of Dec. 31st. In Dec. the company provided services worth $8,000 to clients that were not yet billed or recorded by Dec. 31. Record the additional revenue. On Dec 31st the company completed a physical count of their supplies and determined that only $4,000 of supplies are still on hand. Part 2: Post the adjusting journal entries to t-accounts: (Hints on getting started: Above each T-account, write the account name of each account affected by an adjusting journal entry (you may not need to use all of the T-accounts). Write in the unadjusted balance for each of these accounts from the Unadjusted Trial Balance provided in question 1 of your D2L quiz (the unadjusted balance might be a debit, a credit, or zero balance). Now you are ready to post your adjusting journal entries from Part 1 to the corresponding T-accounts and calculate adjusted balances. FTT