Problem 2 Worksheet, Adjustment Entries, Financial Statements. Closing Entries -Weight of Score: 79% (75 Points) The following list presents the accounts and balances for Paramount Data Corporation on November 30, 2019. Al the accounts have normal balances and are in USS Act No. Account Tide Amount Cash 12 Accounts Receivable Prepaid Insurance ole Supplies Land Accumulated Dep-Building Equipment 19 Accumulated Dep Equipment Accounts Payable Uneamed Rent Sellele 31 Share Capital Retained Eamings Dividends 32.700 41 80 90 Service Revenue Interest Expense 51 Page 2 of 3 52 53 54 59 Salaries Expense Advertising Expense bites Expense Miscellaneous Expense Adjustment data on November 30, 2019 (a) Expired insurance is $100 b) Uneamed rent at the end of the period is only $10.200 (c) Supplies on hand is $320 dService Revenue but unbedis $1.500 e) Accrued salaris s e is $1250 Depreciation of building for this period is 5254 ( Depreciation of equipment for this period is $330 Instructions: 1) Prepare Adjustment Entries for the data above 2) Complete the Worksheet. 3) Prepare Financial Statements of Paramount Data Corporation for the period ended on November 30, 2019 Income Statement Retained Earings Statement and Statement of Financial Position 4) Prepare Closing Entries