Required Information [The following Information applies to the questions displayed below] Ramirez Company is completing the information processing cycle at its fiscal year-end on December 31. Following are the correct balances at December 31 for the accounts both before and after the adjusting entries. Items a. Cash b. Accounts receivable c. Prepaid insurance 4. Equipment Trial Balance, December 31 of the Current Year Before Adjusting Entries Debit $13,500 After Adjustments Credit Debit Credit Adjusting Entries Debit Credit $ 13,500 490 606 170,180 170,180 $ 41,000 107,000 18,200 73.800 400 $ 46,000 1,390 107,000 18,260 74,298 55,788 55.780 5,000 200 390 Accumulated depreciation, equipment Income taxes payable g. Common stock and additional paid-in capital Retained earnings, January 1 Service revenue expense lation expense Insurance expense Income tax expense $ 240,000 $240,060 $246.940 246,940 View transaction et 1 Record the adjusting journal entry related to revenue. 2 Record the adjusting journal entry related to insurance. 3 Record the adjusting journal entry related to depreciation. Record the adjusting journal entry related to taxes. Note joumal entry has been entered Stecord entry X Credit Clear entry View gaineral joumal View transaction let Journal entry worksheet < 1 2 3 Record the adjusting journal entry related to revenue. Note: Enter debits before credits. Transaction 1 13 General Journal Debit Credit Record entry Clear entry View general Journal