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SPATAX Co. is a tax consulting Company, opened for business on July 1, 2020. Its trial balance before adjustment on December 31 is as follows: SPATAX Co. Trial Balance December 31, 2020 Account Dr. Cr. Cash $60,000 $45,000 Supplies Prepaid Insurance Land $15,000 $300,000 $100,000 $180,000 $35,000 Buildings Equipment Account Payable Unearned Revenue Bank Payable Owners' Capital $27,000 $431,000 $175,000 Service Revenue $105,000 $18,0001 Advertising Expense Salaries and Wages Expense Utilities Expense $45,000 $5,000 $773,000 $773,000 Adjustment data for the period ended December 31, 2020 consist of: Adjusting Data The insurance policy is for a year. Paid its employees total salaries of $5,000 every Monday for the preceding 5 days week (Monday - Friday). On Monday, December 23. employees were paid for the week ending December 20, 2020. All employees work till Tuesday, 31 December 2020. Two third of the unearned revenue was recognized at year end Supplies expense includes $8,000 of supplies that are still on hand at Dec 31 Annual Depreciation is $30,000 on buildings and Equipment depreciation for the month is S250 A utility bill for $800 has not been recorded and will not be paid until next month Instructions: 1. Journalize the adjusting entries for the period ended December 31, 2020 2. Complete the Worksheet (partial) for SPATAX Co. for the period ended of December 31, 2020 3. Prepare the closing entries 4. Prepare the Post-Closing Trial Balance