Remaining Time: 2 hours, 59 minutes, 21 seconds Question Completion Status: QUESTION 26 This question and #27 are connected. In this one, you will create 4 adjusting entries. In #27 you will be creating an Adjusted Trial Balance based on the adjusting entries that you write in this question Gargantua Resorts Limited, in San Ysidro, California, has been open for a number of years. It offers hotel accommodations, a spa, four fancy restaurants and lots of meeting space for special events. Gargantua's unadjusted Trial Balance dated Dec 31, 2021 follows below. Gargantua prepares now financial statements at the end of each year, Dec. 31. Gargantua Resorts Ltd Trial Balance Dec 31, 2021 DR CR Cash Accounts Receivable Supplies Prepaid Insurance Land Buklings Accumulated Depreciation $ 221,000 159.000 33.000 60.000 2.175.000 3.250,000 $1.137.500 Click Save and Submit o anumit. Cho Se Allow all and SM hp 16 CD 6 7 8 9 Com signin Remaining Time: 2 hours, 59 minutes, 05 seconds. Question Completion Status: Dec. 31, 2021 DR CR $ 221,000 159.000 33,000 60,000 2.175,000 3,250,000 Cash Accounts Receivable Supplies Prepaid Insurance Land Buildings Accumulated Depreciation Accounts Payable Uneamed Revenue Mortgage Payable Common Stock Retained Earnings Dividends Revente Salaries Expense Advertising Expense Utilities Expense $1.137.500 289,500 100,000 2.300.000 1.250,000 768.000 50,000 840.000 510.000 182.000 45.000 TOTALS S 6,685.000 $ 6.685.000 Col Save and Submit rose and mit Click Savellino alla (hp Remaining Time: 2 hours 58 minutes. 53 seconds. Question Completion Status: ADJUSTING INFORMATION: 1. Insurance expires at the rate of $30,000 per year. The Prepaid Insurance was purchased on Jan. 1, 2021 2. A count of supplies as of Dec 31, 2021 showed that Gargantua had $8,000 of supplies still on hand. 3. During the year 2021,60% of the Uneamed Revenue became earned. 4. The buildings are depreciating based on a 20-year life, with to expected salvage value REQUIRED Prepare all the necessary adjusting entries for Gargantua Resorts Ltd. for the year ending Dec. 31, 2021. Use the Journal entry page that I have supplied for you. (16 marks) Attache Brown Comment Collection Click Save and Submit tone and Click Save Allento alla hp 14 0 f5 16 0 17 0 18 19 19 no 13 112 $ 18 19 % 5 & 7 C 9 ) 0 4 6 8 9 C 5 6 D