Part 2: Post the adjusting journal entries to t-accounts:

(Hints on getting started: Above each T-account, write the account name of each account affected by an adjusting journal entry (you may not need to use all of the T-accounts). Write in the unadjusted balance for each of these accounts from the Unadjusted Trial Balance provided in question 1 of your D2L quiz (the unadjusted balance might be a debit, a credit, or zero balance). Now you are ready to post your adjusting journal entries from Part 1 to the corresponding T-accounts and calculate adjusted balances.

Really need help with part 2: t charts. Thanks

Financial Statement Homework #1 Name Insert Unadjusted Trial Balance HERE: Lauren Company Unadjusted Trial Balance December 31, 2018 140,000 30,000 11,900 24,000 100,000 14,000 64,000 Cash Accounts Receivable Supplies Prepaid Insurance Inventory Vehicle Equipment Accumulated Depreciation Accounts Payable Unearned Revenue Wages Payable Long-Term Notes Payable Common Stock Retained Earings (1/1/2018) Dividends Service Revenue Repair Expense Delivery Expense Depreciation Expense Rent Expense Insurance Expense Wages Expense Supplies Expense Interest Expense Income Tax Expense Total 45,000 9,000 23,500 12,500 46,000 23,000 65,700 4,000 566,000 1,800 50,000 6,000 64,000 10,000 190,000 50,000 6,000 45,000 810,700 810,700 Page 1 of Part 1: Prepare adjusting Journal entries using the unadjusted trial balance provided to you in Question 1 of the Financial Statement Homework quiz on D2L and the information provided below. The Unadjusted Trial Balance can be downloaded from the D2L quiz by right clicking on the image and saving it to your computer. When preparing the adjusting journal entries, use only the account names provided in the Unadjusted Trial Balance (do not create any new account names and do not abbreviate account names). 1. The prepaid insurance balance reflects a 12-month insurance policy which started on Sept. 1. 2018, and no adjustments were made from Sept. 1 - Dec. 31. 2018. Write the adjusting journal entry for Dec. 31, 2018 2. Additional depreciation expense of $15,000 needs to be recorded for the year ended 2018 3. Wages due to employees of $8,000 need to be recorded at year end. These wages will be paid to employees on January 9, 2019. (next month) 4. The company has completed $12,900 of the amount in unearned revenue as of Dec. 31 5. In Dec. the company provided services worth $8,000 to clients that were not yet billed or recorded by Dec. 31. Record the additional revenue. 6. On Dec 31st the company completed a physical count of their supplies and determined that only $4,000 of supplies are still on hand. Page 2 of 8 Part 2: Post the adjusting journal entries to t-accounts: (Hints on getting started: Above each T-account, write the account name of each account affected by an adjusting journal entry (you may not need to use all of the T- accounts). Write in the unadjusted balance for each of these accounts from the Unadjusted Trial Balance provided in question 1 of your D2L quiz (the unadjusted balance might be a debit, a credit, or zero balance). Now you are ready to post your adjusting journal entries from Part 1 to the corresponding T-accounts and calculate adjusted balances. 4 Page 3 of 8