Roland Company began operations on December 1 and needs assistance in preparing December 31 financial statements, including its year-end adjustments. The Tableau dashboard is provided to assist in the work. Dec 1 prepaid a 24 month insurance policy(coverage starting immediately) for $2,400 cash. Dec 7 purchased supplies for $2,000 cash. Dec13 agreed to do $10,000 worth of work for Telo over the next 30 days. payment is to be received when the work is completed on Jan 12. Dec 24 received $4,000 cash in advance to perform work for ABX over the next four weeks. Dec. 31 Year-End Jan 5 paid wages of $800 sh to workers. Jan 12 received $10,000 cash from Telo for work performed over the last 30 days Additional Information as of December 31 Telo Job Completion at Year-End: Telo 60% Telo Complete ABX Job Completion at Year-End:Abx 23% Complete Supplies Remaining at Year-End:$700 Wages Earned By Workers but not yet Paid at Year-End:$500 Roland Company began operations on December 1 and needs assistance in preparing December 31 financial statements, including its year-end adjustments. The Tableau dashboard is provided to assist in the work. Selected December-January Transactions Started Work for Telo Dec. 31 Year-End Finished Work for Telo Purchased Insurance Dec 1) (Dec 7 Dec 13 Dec 24 Jan 5 Jan 12 Purchased Supplies Received Cash in Advance Wages Paid Additional Information as of December 31 Telo Job Completion at Year-End ABX Job Completion at Year-End Additional Information as of December 31 Telo Job Completion at Year-End ABX Job Completion at Year-End Telo 60% Complete ABX 25% Complete Supplies Remaining at Year-End Wages Earned By Workers but not yet Paid at Year-End Tableau DA 3-3: Mini-Case, Analyzing adjusting entries using accounting equation 1. For each December 31 adjusting entry, indicate the account impacted along with the amount and direction + or -) of the effects on the accounting equation by filling in the following table. The first entry is completed. Liabilities Assets -$100 Prepaid insurance Equity -$100 Insurance expense + + Adjusting Entry a. Prepaid Insurance b. Supplies c. Accrued Wages d. Accrued Revenue e. Unearned Revenue + +