Open with Question: 2 Harvey Company began its operation in 2020, January 01. The trial balance and other relevant data pertaining to the company is given below. Harvey company Trial Balance For the year ended December 31, 2020. Account Titles Trial Balance Dr. Cr. Cash 18,000 Accounts Receivable 20,000 Prepaid Insurance 4,600 Supplies 12,500 land 120,000 Equipment 80,000 Accounts Payable 20,500 Unearned Service Revenue 12,600 Mortgage payable 88,000 Owner's Capital 87,200 Owners Drawings 10,000 Service Revenue 130,500 Salaries and wages expense 40,500 Advertising expense 18,800 Utilities expense 14,400 Total 338.800 338.800 Additional Information: 1. A physical count of supplies reveals $6,000 supplies on hand on December 31, 2020. 2. Prepaid insurance is a one-year policy purchased on April 01, 2020. 3. The equipment was purchased on July 01, 2020, with 5 years useful life. It has no salvage value. The equipment will be depreciated $16,000 annually. 4. The company got $12,600 cash in advance on 01 October, 2020, from a customer for services to be provided in 6 months period from October - March. 5. The mortgage interest rate is 12%. The mortgage was taken on May 01, 2020. Requirements: a) Prepare the adjusting entries on December 31, 2020. [5 Marks] b) Enter the trial balance in the worksheet and complete the worksheet. [13.75 marks]