Panic Company Unadjusted Trial Balance December 31, 2017 Account Cash Marketable Securities Accounts Receivable Office Supplies Prepaid Rent Prepaid Marketing Fees Land Dr Cr. $7,000 22,000 32,000 1,000 3,000 8,000 14,000 100,000 $40,000 Accumulated Depreciation Buildings Equipment Accumulated Depreciation Equipment Accounts Payable Unearned Service Revenue Notes Payable Mortgage Payable Common Stock Retained Earnings Service Revenue Rental Revenue Wages Expense Office Supplies Expense Utilities Expense Payroll Taxes Expense Total 130,000 55,000 6,000 12,000 4,000 60,000 20,000 18,000 160,000 2,000 8,000 $393000 $393,000 Using the unadjusted trial balance and the supplemental information below, prepare adjusting journal entries for the end of the period. Also, prepare an adjusted trial balance as of the end of the period. a. The company still had $400 of the office supplies on hand. b. The company had earned $2,000 of service revenue that had not been billed to clients. c. S4,000 of the unearned service revenue had been earned by the end of the year d. Depreciation on the buildings was $8,000 and depreciation on the equipment was $12,000 for 2017 Employees has earned S3,000 of wages that will be paid on the next scheduled pay day which will occur in 2018. e