Requirement 1. Journalize the adjusting entries. (Record debits first, then credits. Select the explanation on the last lin Carrolton Inn Company Unadjusted Trial Balance December 31, 2018 a. As of December 31, Carrolton had $300 of Prepaid Insurance remaining. Date Accounts and Explanation Debit Credit (a) Dec. 31 Account Title Cash Accounts Receivable Prepaid Insurance Office Supplies Building Balance Debit Credit 10,500 12,900 3,600 900 0 Requirements 525,000 $ Accumulated DepreciationBuilding 180,000 2,400 Accounts Payable Salaries Payable A More Info 1. Journalize the adjusting entries on December 31. 2. The four-column ledger accounts have been opened for you using the unadjusted trial balance. Post the adjusting entries to the ledger accounts. 3. Prepare the adjusted trial balance. 4. Assuming the adjusted trial balance has total debits equal to total credits, does this mean that the adjusting entries have been recorded correctly? Explain. Unearned Revenue Common Stock Dividends 3,000 355,150 Adjustment data at December 31 follow: 2,300 18,300 2,700 Service Revenue Salaries Expense Insurance Expense Depreciation ExpenseBuilding Print Done a. As of December 31, Carrolton had $300 of Prepaid Insurance remaining. b. At the end of the month, Carrolton had $700 of office supplies remaining c. Depreciation on the building is $3,400. d. Carrolton pays its employees weekly on Friday. Its employees earn $1,600 for a five-day workweek. December 31 falls on Wednesday this year. e. On November 20, Carrolton contracted to perform services for a client receiving $3,000 in advance. Carrolton recorded this receipt of cash as Unearned Revenue. As of December 31, Carrolton has $1,100 still unearned. 950 Advertising Expense Supplies Expense $ 558,850 $ 558,850 Total Print Done Choose from any list or enter any number in the input fields and then click Check Answer. Print Done