Prepare adjusting journal entries and unadjusted trial balance

Trial Balance at December 31, 2017 Unadjusted T/B Debit CreditA Cash 50,300 ertificate of deposit Accounts receivable Inv 63,000 170,000 5,000 Prepaid insurance Land 100,00 400,000 Buildings ulated depreciation ts payable 85,000 198,000 6,000 Unearned revenue Notes payable Common stock Retained earnings Membership revenue Cost of sales Wages expensc 276.500 98,000 674,000 395,000 5,00 ics expense Total $1,457,500 $1,457500 The following additional information is provided . Paid S1,200 on 3/31/2017 for a one-year fire insurance policy 2. Received $25,000 upon issuance of common stock. 3. Received a $6,000 payment on November 1, 2017 for a six month club membership 4. Borrowed $120,000 at 5% on October 1 , 2017, Interest and principal are due on 4/1/19. 5. According to payroll records, unpaid wages at year end totaled $15,000 6. Big Serve's building has a 10-year estimated useful life. The fixtures and equipment have a 5-year estimated useful life 7, Big Serve purchased a six-month certificate of deposit (CD) on July 1, 2017, The interest rate was 3% Accrued interest is added to the CD balance. 8 Physical count of supplies on hand at 12/31/17 showed a balance of $3,600 9. Received a $1,800 bill for December utilities on January 3, 2018 10. A physical count of inventory showed a balance of $172,000 Declared and paid a $15,000 dividend. The tax rate was 21%. 12