Mayer & Co. had the following balances December 31, 2018 M Adjud WS Dr Or Dr C Cash AR Supplies Prepaid Dr SH.000 2200 1000 00 2.300 11.000 12.000 600 Prepaid Rem que Ace Dep Interest Receive AP Uneamed revenue Accrued up $15.400 $1,600 1 000 0.000 Interest payable Owners uit Owners Draw Revues Sales & Wage Supplies estup 100.00 . 900 2. 00 Telephone 200 MVP Depreciation to interest income 2012 $0.30 600 1) 2) 3) 4) 5) 6) In addition, the following occurred: Insurance in the amount of $2,400 was paid on 10/1/18 for the 12 months ended 9/30/19 and posted to prepaid Ins. A check was received for $3,600 for services rendered on 9/1/18, for 6 months of services. and was posted to Unearned revenue A check was received on August ist in the amount of $24,000 for one years worth of services and was posted to Revenues Rent expense for the year should be $17,000. A loan was made to a vendor company for $18,000 on july 1st, with interest at 12% per year A loan from an owner was made to the company in the amount of $12,000 on October 1st with interest to be paid at 8% per year The equipment on the balance sheet in the amount of $12,000 should be depreciated over 3 years Depreciation for 2018 hasn't been recorded yet Invoices that the company received after year-end for expenses INCURRED during the year were as follows: Advertising expenses $4,300 Utilities Expenses $3,000 Supplies on hand at year end totals $600 A check in the amount of $16,000 for additional Owners Draw was never recorded on the books Salaries were paid on Friday January 2nd for the week ended, in the amount of $10,000, (2,000 per day). 7) 9) 10) 11) A) B) Journaliae and post the adjusting entries. Put the number of the adjustment near the entry Prepare an income statement for the year Prepare an Owners equity statement for the year Prepare a balance sheet at December 31, 2018 Prepare the reversing entries that should be posted in January 2019 D) E)