Question 1: (25 Points) A1, C1, D3 The trial balance of ABC Services pertains to December 31, 2019, which is the end of ABC's annual accounting period. Data needed for the adjusting entries include a. Supplies on hand at year-end, BD 2000. b. Depreciation on equipment, BD 20000. c. Depreciation on building, BD 10000. d. Salaries owned but not yet paid, BD 5000 e. Accrued service revenue, BD 12000 f. BD 32000 of the unearned service revenue has been earned. Instructions: a) Journalize ABC's adjusting entries at December 31, 2019. (5 points) b) Post the adjusting entries in the T-accounts. (5 points) c) Write the trial balance, enter the adjusting entries, and prepare an adjusted trial balance. (5 points) d) Prepare the income statement, the statement of owner's equity, and the balance sheet. (5 points) e) Prepare the closing journal entries (based on the adjusted trial balance). (5 points) ABC UNADJUSTED TRIAL BALANCE December 31, 2019 Cash 198,000 Accounts receivable 370,000 Supplies 6.000 Furniture and fixtures 100,000 Accumulated depreciation equipment 40.000 Building 250,000 Accumulated depreciation-building 130,000 Accounts payable 380,000 Salary payable Unearned service revenue 45.000 Jay Clay, capital 293.000 Jay Clay, withdrawals 65,000 Service revenue 286,000 Salary expense 172,000 Supplies expense Depreciation expense-equipment Depreciation expense-building Miscellaneous expense 13,000 Total BD 1,174,000 BD 1.174,000