Question 1 (25 marks) tar Company is engaged in providing car cleaning services. Adjusting entries are performed a monthly basis. Closing entries are performed annually on December 31. Below is the ompany's unadjusted trial balance at the year ended December 31,2017. All Star Company Unadjusted Trial Balance December 31,2017 Debit S Credit $ Account Title 171,600 339,200 45,000 9,800 180,000 Cash Accounts receivable Unexpired insurance Supplies Machinery Accumulated depreciation: Machine Accounts payable Income taxes payable Unearned revenue 6% Notes payable Share capital (105,000 shares) Retained earnings Services revenue Wages expense Rent expense Insurance expense 46,800 36,000 13,600 16,000 62,500 315,000 100,000 456,000 75,500 88,000 65,500 25,000 8,300 38,000 Depreciation expense Supplies expense Income taxes expense $1,045,900 $1,045,900