MONTHEND JOURNAL ENTRIES: 1) Prepare the following monthend journal entries including explanations for Dec 31. 2) Post journal entries to the T-ACCOUNTS. 3) Then, click on the WORKSHEET tab, and enter the T-account balances in the Adjustments column. Trans# (a) Office Supplies on hand at December 31 is $1,200. (b) Depreciation of Equipment for the month is $600. (c) One month insurance has expired. (d) Interest expense for the month but not recorded at December 31 is $90. (e) Service fees earned but were unbilled at December 31 is $800. (f) Salaries accrued but not paid at December 31 is $1,800.

Smith Quality Automotive	Unadjusted TB
Account Names	Debit	Credit
Cash	73,160
Accounts Receivable	3,800
Office Supplies	2,600
Prepaid Insurance	2,100
Land	21,000
Equipment	14,000
Accounts Payable		1,800
Utilities Payable		320
Unearned Revenue		1,260
Notes Payable		30,000
Capital		75,000
Withdrawals	6,000
Service Revenue		20,800
Salaries expense	3,700
Rent expense	1,300
Utilities expense	320
Advertising expense	1,200
Totals	129,180	129,180