Section 2 Accounting Applications How does and that comes property marred les trace De 40 BO 603 ES LID Domo) Tamara C20 Una 200 Coco CIM W2052 COD WSD ular DSB The following information is also available for the company on December 31. 2014 1. Insurance that expired during December amounted to $40. 2. Office supplies on hand on December 31 totaled 575 3. Depreciation for December totaled 5100 4. Accrued wages on December 31 totaled $120. 5. Revenues earned for services performed in December but not billed by the end of the month totaled $300. 6. Revenues received in advance of services still to be performed totaled $300 at the end of the year. REQUIRED In order to understand how Reliable adjusts its revenues and expenses so that its net income is properly measured, complete the following 1. Open leder accounts for the accounts in the trial balance PLUS the following: Wapes Payable (210), Omice supplies Expense (510). Depreciation Expense-Office Equipment (515) and Insurance Expense 15201 2. Determine the required adjusting entries and record them in the general journal 1. Post the entries to the general ledger Open new general ledger accounts as needed 4. Prepare an adjusted trial balance 5. Prepare an income statement, a statement of owner's equity, and a balance sheet for the month ended December 31, 2014