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Application Question #4 Soothing Shiatsu Co, unadjusted trial balance is as follows: Soothing Shiatsu Co. Trial Balance 31-Dec-20 Debit Credit Cash $ 5,500 Prepaid insurance 1,280 Shiatsu supplies 1.250 Shiatsu equipment 4.156 Accum depreciation, shiatsu equipment $ 1.211 Building 159,250 Canvas GXG Building 159,250 Accum depreciation, building 6,987 Land 75,680 Unearned rent 1.350 20,000 Long-term notes payable 180.868 Savore, capital Savore, withdrawals 8.350 Rent earned 6,200 Fees eamed 51,890 Wages expense 6,800 Utilities expense 690 Canvas - Property taxes expense 1.200 Interest expense 4.350 TOTAL S 268.506 268.506 Use the following information to prepare any adjusting entries required Examination of an insurance policy showed $680 of a) expired insurance An inventory showed 5610 of unused shiatsu supplies 06) on hand Estimated depreciation expense on shiatsu equipment. c) $555 () Estimated depreciation expense on the building. 52,820. A shiatsu therapist owes $400 for space rental el payments, and this was unrecorded at the time the trial balance was prepared $700 of the Unearned Rent account balance was earned by year-end The one employee, a receptionist, works a five-day dekat dhe emne was ridint Canvas - XCO ol on hand Estimated depreciation expense on shiatsu equipment. lie 5555 on Estimated depreciation expense on the building. 52,820. A shiatsu therapist owes $400 for space rental (e) payments, and this was unrecorded at the time the trial balance was prepared on 5700 of the Unearned Rent account balance was eamed by year-end e) The one employee, a receptionist, works a five-day workweek at $65 per day. The employee was paid last week but has worked three days this week for which she has not been paid. Three months property taxes, totaling $525. have th accrued. This has not been recorded. Previous Qui