Rhoades Tax Services began business on December 1, 2015. Its December transactions are as follows. Dec. Rhoades invested $20,000 in the business in exchange for common stock. 2 Paid $1,200 cash for December rent to Bomba Realty. 2 Purchased $1,080 of supplies on account. 3 Purchased $9,500 of office equipment; paying $4,700 cash with the balance due in 30 days. 8 Paid $1,080 cash on account for supplies purchased December 2 14 Paid $900 cash for assistant's wages for 2 weeks' work. 20 Performed consulting services for $3,000 cash 28 Paid $900 cash for assistant's wages for 2 weeks' work 30 Billed clients $7,200 for December consulting services. 31 Paid $1,800 cash for dividends. 1 14 Paid $900 cash for assistant's wages for 2 weeks' work 20 Performed consulting services for $3,000 cash 28 Paid $900 cash for assistant's wages for 2 weeks' work 30 Billed clients $7,200 for December consulting services. 31 Paid $1,800 cash for dividends. 1. Supplies available at December 31 are $710. 2. Accrued wages payable at December 31 are $270. 3. Depreciation for December is $120. 4. Rhoades has spent 30 hours on an involved tax fraud case during December. When completed in January, his work will be billed at $75 per hour. (It uses the account Fees Receivable to reflect amounts earned but not yet billed.) Then post adjusting entries to their T-accounts. Required a (2). Record any adjusting entries using the financial statement effects template. RHOADES TAX SERVICES Adjusted Trial Balance For the Month of December 31, 2015 Debit Credit Cash Fees Receivable Supplies Office Equipment Accumulated Depreciation Accounts Payable Wages Payable 0 0 Common Stock 0 Retained Earnings Consulting Revenue Supplies Expense 0 Wages Expense 0 0 Rent Expense 0 0 Depreciation Expense 0 0 0