Name (first and last name): PART I-ADJUSTING JOURNAL ENTRIES (20 points) You recently started to work for an accounting firm in town as a bookkeeper and one of your clients, Billy Bob Mechanical, has come in to discuss the company's year end transactions. The company has a year ending December 31, 2020. The meeting took place on December 30, 2020 and at the meeting with Billy Bob the following transaction notes were taken. Instructions: Please prepare all the required adjusting journal entries using the existing accounts in the Unadjusted Trial Balance Provided: Unadjusted Trial Balance: Account Number Account Name 1000 Cash Debit Balance Credit Balance 25,904 1010 Accounts Receivable 7,899 1015 Interest Receivable 1020 Supplies 7,519 1030 Prepaid Insurance 12,000 1040 Truck 25,000 1045 Accumulated Amortization - 6,000 Truck 1050 Equipment 15,000 1055 Accumulated Amortization Equipment 2000 Accounts Payable 2010 Salaries Payable 2020 Line of Credit 17,287 6,750 2025 Interest Payable - 2030 Unearned Revenue 4,000 3000 Billy Bob, Capital 4000 Services Revenue 34,000 107,589 4010 Interest Revenue 2,224 5000 Salary and Wages Expense 37,159 5010 Supplies Expense 24,135 5020 Insurance Expense 5030 Amortization Expense 5040 Advertising Expense 2,275 5050 Rent Expense 15,500 5060 Repairs Expense 2,700 5070 Interest Expense 2,759 Total Balance 177,850 177,850