Question 1 (20 points] Please enter the following information, taken at year-end, in the trial balance by entering the letter (on the left) and amount (on the right) of each adjustment in the 'Adjust appropriate accounts. Then fill in the 'Adjusted Trial Balance' column with the balances of each account a. A building Courtland Corp. owns is rented out for $4,250 each month. The current month's rent has not been received by year-end. b. Courtland Corp. purchased furniture in a previous year for $24,750 and plans to sell this furniture for $250 at the end of its ten-year useful Me. c. The estimated yearly depreciation on the building is $550. d. $1,660 of interest has accrued on a note payable and is unrecorded. 6. $2.200 of the consulting fees paid to Courtland Corp. in advance has been eamed. 1.53.750 of the television advertising paid for in advance has been used 9 A review of the $2,500 unadjusted balance in the supplies account shows a balance on hand at the end of the year of $1,900. h. Interest of $310 on notes receivable is unrecorded and unpaid. Courtland Corp Trial Balance December 31, 2014 Unadjusted Adjusted Trial Balance Adjustments Balance Account Cr. Dr. Cr. Accounts payable 450 Accumulated depreciation, building 6,800 Accumulated depreciation, furniture 8,900 Advertising expense 9.900 Buliding 44,500 Cash 60,520 Consulting revenue earned 11,600 Depreciation expense, building Depreciation expense, furniture Furniture 24,750 Interest earned 1,200 Interest expense 6,300 Interest payable Interest receivable Trial Dr. Dr. CE 0 0 0 D ECG Adjustments Dr. Cr. Balance Dr. Cr. Cr. Account Accounts payable Accumulated depreciation, building Accumulated depreciation, furniture Advertising expenses Building Cash Consulting revenue earned Depreciation expense, building Depreciation expense, furniture Furniture Interest earned Interest expense Interest payable Interest receivable Notes receivable Prepaid advertising Rent earned Rent receivable Retained earnings Share capital Short-term notes payable Supplies Supplies expense Uneamed consulting revenue Utilities expense Totals Trial Balance Dr. 450 6,800 8,900 9,900 44,500 60,120 11,600 0 0 24,750 1,200 6,300 0 0 14,500 8,600 12,200 0 320 119,050 14,000 2,500 8,100 5,200 450 179,720 179,720