Problem 1: Record the adjusting entries into the General Journal. Post the adjustments to the T-accounts. Find the new account balances. Complete an Adjusted Trial Balance. Problem 2: Complete the Worksheet. Complete an Income Statement and Statement of Owner's Equity.

Instructions: See instructions below Total Points 100 a. Record the adjusting entries on the sheet named "Journal" below b. Pos c. Complete the Adjusted Trial Balance on this sheet Your grade t vour adiusting entries to the T-accounts on the sheet named "Journal" below Be sure to complete the Adjusting Entry problem as well as the Worksheet Problem The Unadjusted Trial Balance before adjustments for Jones Accounting & Tax Sevice at the end of th e year are presented below: Jones Accounting & Tax Service Adjusted Trial Balance 31-Dec-16 Jones Accounting & Tax Service Unadjusted Trial Balance 31-Dec-16 Cash Accounts Receivable Prepaid Insurance Supplies 20.000 25.000 10.000 10.000 60,000 200,000 Buildin Accum Depreciation: Building Accounts Payable Salaries Payable Unearned Rent Revenue Interest Payable Jones, Capital Jones. Drawin Accounting Fees Earned Rent Revenue Salaries Expense Insurance Expense Supplies Expense Interest Expense Depreciation Expense-Buildin Cash Accounts Receivable Prepaid Insurance Supplies Land Buildin Accum Depreciation: Building Accounts Payable Salaries Payable Unearned Rent Revenue Interest Payable Thompson. Capital Thompson, Drawin Accounting Fees Earned Rent Revenue Salaries Expense Insurance Expense Supplies Expense Interest Expense 120,000 10.000 15.000 105,000 45.000 250,000 130,000 epreciation Expense-Building Totals 500,000 $ 500,000 Totals Journalize the adjusting entries, post to the t-accounts, and prepare an Adjusted Trial Balance. Be sure to click on the second sheet tab below named "Journal." a. Supplies on hand at December 31. $3.000 b. Accrued salaries and wages on December 31, $25,000 c. Rent unearned at December 31, $5,000 d. Depreciation on the building for the year, $10,000 e. Prepaid Insurance used up, $6,000 f. Accounting fees earned but unbilled on December 31. $15,000 q. Interest expense accrued but not vet paid, $4,000