Requirement 1. Journalize the adjusting entries. (Record debits first, then credits. Exclude explanations from any journal entries.) a. Insurance coverage still remaining at June 30, $200 Journal Entry Date Accounts Debit Credit June 30 || Insurance expense 2500 Prepaid insurance 2500 b. Supplies used during the month, $200 Journal Entry Date Accounts Debit Credit June 30|||Supplies expense 200 Supplies 200 c. Depreciation for the month, $1,200 Journal Entry Date Accounts Debit Credit June 1200 30|| Depreciation expense, equipment Accumulated depreciation, equipment 1200 d. Accrued utilities expense at June 30, $500 (use Accounts payable as the liability account needed) Journal Entry Date Accounts Debit Credit June 30 || Utilities expense 500 Accounts payable 500 AFO e. Accrued salaries at June 30, $450 Journal Entry Date Accounts Debit Credit June 30 || Salaries expense 450 Salaries payable 450 f. Service revenue still unearned at June 30, $800 Journal Entry Date Accounts Debit Credit June 30||| Unearned service revenue 2400 Service revenue 2400 Requirement 2. The unadjusted balances have been entered in the T-accounts for you. Post the adjusting entries to the T-accounts. Reference the posted amounts by letters, (a) through (f). Calculate the adjusted balance for each account. (Use a "Bal" posting reference to show the ending balance of each account.) Review the adjusting entries from Requirement 1. Cash Accounts receivable Prepaid insurance Bal 20,000 Bal 40,400 Bal 2,700 (a) 2500 Bal 200 Supplies Equipment Accumulated depreciation, Equip. Bal 1,000 Bal 68,800 Bal 24,000 Accounts payable Salaries payable Unearned service revenue Bal 1,900 Bal 3,200 Common stock Retained earnings Dividends Bal 50,000 Bal 44,200 Bal 9,500 Accounts payable Salaries payable Unearned service revenue Bal 1,900 Bal 3,200 Common stock Retained earnings Dividends Bal 50,000 Bal 44,200 Bal 9,500 Service revenue Salaries expense Insurance expense Bal 22,000 Bal 2,900 Depreciation expense, equipment Utilities expense Supplies expense Data Table Nina's Novelty, Inc. Trial Balance June 30, 2018 Account Debit Credit Cash $ 20,000 Accounts receivable 40,400 Prepaid insurance 2,700 Supplies 1,000 68,800 $ 24,000 Equipment Accumulated depreciation, equipment Accounts payable Salaries payable 1,900 Unearned service revenue 3,200 50,000 Common stock Retained earnings 44,200 Dividends 9,500 Service revenue 22,000 Salaries expense 2,900 Data Table Accounts receivable 40,400 Prepaid insurance 2,700 1,000 Supplies Equipment Accumulated depreciation, equipment Accounts payable Salaries payable 68,800 $ 24,000 1,900 Unearned service revenue 3,200 Common stock 50,000 Retained earnings 44,200 Dividends 9,500 Service revenue 22,000 Salaries expense 2,900 Insurance expense Depreciation expense, equipment Utilities expense Supplies expense $ 145,300 $ 145,300 Total Data Table Nina's Novelty, Inc. Trial Balance June 30, 2018 Account Debit Credit Cash 20,000 Accounts receivable 40,400 Prepaid insurance 2,700 1,000 Supplies Equipment Accumulated depreciation, equipment 68,800 $ 24,000 Accounts payable 1,900 Salaries payable Unearned service revenue 3,200 Common stock 50,000 Retained earnings 44,200 Dividends 9,500 Service revenue 22,000 Salaries expense 2,900 Data Table Accounts receivable 40,400 Prepaid insurance 2,700 1,000 68,800 Supplies Equipment Accumulated depreciation, equipment Accounts payable Salaries payable $ 24,000 1,900 Unearned service revenue 3,200 Common stock 50,000 Retained earnings 44,200 Dividends 9,500 Service revenue 22,000 Salaries expense 2,900 Insurance expense Depreciation expense, equipment Utilities expense Supplies expense $ 145,300 $ 145,300 Total Nina's Novelty, Inc. Adjusted Trial Balance June 30, 2018 Account Debit Credit Requirement 4. How will the company use the adjusted trial balance? The company will use the adjusted trial balance to