P3-37A, parts a-e.

The Adjusting Process 169 ts . Journalize the adjusting entries on December 31. Using the unadjusted trial balance, open the accounts (use a four-column ledger) 2. with the unadjusted balances. Post the adjusting entries to the ledger accounts. 3. Prepare the adjusted trial balance. . Assuming the adjusted trial balance has total debits equal to total credits, does this mean that the adjusting entries have been recorded correctly? Explain. A Using the worksheet to record the adjusting journal entries Theater Production Company's partially completed worksheet as of December Learning Objective 6 31, 2018, follows. GREAVY THEATER PRODUCTION COMPANY December 31, 2018 Account Names Unadjusted Trial Balance Adjusted Trial Balance Credit Cash Debit Credit 4,300 5,900 1,900 4,550 30,000 Debit s Accounts Receivable Office Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Accounts Payable $7,600 3,600 21,950 77,000 Salaries Payable 15 Greavy, Capital Greavy, Withdrawals 30,500 Service Revenue Supplies Expense Utilities Expense Insurance Expense Depreciation Expense-Equipment 5,500 27,500 Salaries Expense Total $ 110,150 | $ 110,150 Adjustment data at December 31 follow: a. As of December 31, Greavy had performed $500 of service revenue but has not yet billed customers. b. At the end of the month, Greavy had $700 of office supplies remaining. c. Prepaid Insurance of $3,900 remained. d. Depreciation expense, $4,000 e. Accrued salaries expense of $200 that hasn't been paid yet. Requirements 1. Complete the worksheet. Uise letters a through eto label the five adjustments 2. Journalize the adjusting entries