Looking for help Journalize the adjusting entries & the closing entries using the above worksheet as a basis.

Adjusting Entries:

A. Prepaid Insurance which has expired $120.

B. Ending Supplies Inventory is $40.

C. Fees earned but not yet received is $255.

D. Depreciation on the Office Equipment for this year, $50.

6 Income Statement Credit alance Sheet Debit Adiusted Trial Balance Adjustments Debit ial Balance Credit Debit Credit Credit Credit Debit Debit 2,420 400 370 720 2,000 2,420 655 40 600 2,000 2,420 655 40 600 2,000 10 Cash 11 Accounts Receivable 12 Supplies 13 Prepaid Insurance 14 Office Equipment 15 Accum. Depr-Office Equip 16 Accounts Payable 17 A. March, Capital 18 A. March, Drawing 19 Fees Earned 20 Wages Expense 21 Rent Expense 22 Utilities Expense 23 Supplies Expense 24 Insurance Expense 25 Depreciation Expense-Office Equip 26 Totals 27 Net income or loss 28 Totals 29 255 330 120 50 810 2,760 50 810 2,760 810 2,760 250 250 250 255 3,555 3,555 3,300 220 250 240 330 120 50 220 250 240 330 120 50 220 250 240 330 120 50 7,175 71,175 6,870 6,870 2,345 3,555 2,345 5,965 3,555 5,965 (c) Joumalge the adjusting entries using the worksheet as a basis. A. (d) Journalize the closing entries using the worksheet as a basis. A