Requi rements 1. Journalize the adjusting entries on December 2. Using the unadjusted trial balance, open the accounts (usc a four column lederm with the unadjusted balances Post the adjusting corries to the ledger account Prepare the adjusted rria balance. dchit total aedt doe this mean that the adjusting enmes have been recorded correctly? Explain.5 - fainacail

statement

4. How will Anniston Air Purification System use the adjusted trial balanee? P3-36 Journalizing and posting adjustments to the four-column accouns nts and preparing an adjusted trial balance The unadjusted trial balance of Guthrie Inn Company at December 31, 2018, and the data needed for the adjustments follow GUTHRIE INN COMPANY Unadjusted Trial Balance December 31, 2018 Balance Account Title Cash Accounts Receivable Prepaid Insurance Office Supplies Building Accumulated Depreciation-Building Accounts Payable Salaries Payable Unearned Revenue Guthrie, Capital Guthrie, Withdrawals Service Revenue Salaries Expense Insurance Expense Depreciation Expense-Building Advertising Expense Supplies Expense Total DebitCredit 5 13,500 15,100 4,600 800 530,000 $ 260,000 1,710 3,600 288,950 2,340 15,500 2,800 620 S 569,760 $ 569,760 Adjustment data at December 31 follow: a. As of December 31, Guthrie had $700 of Prepaid Insurance remaining b. At the end of the month, Guthrie had $500 of office supplies remaining c. Depreciation on the building is $1,200. d. Guthrie pays its employees weekly on Friday. Its employees earn $1,800 for a five-day workweck. December 31 falls on Wednesday this year On November 20, Guthrie contracted to perform services for a client receiving $3,600 in advance. Guthrie recorded this reccipt of cash as Unearned Revenuc As of December 31, Guthrie has $1,600 still uncarned. e