Silver Lining Incorporation Unadjusted Trial Balance December 31, 2018 c. Prepare the adjusted trial balance, d. Prepare the financial statements e. Prepare the closing entries f. Prepare the Post closing trial Balance 70,000 20,000 25,000 15.000 150,000 Cash Office Supplies Prepaid Rent Prepaid Insurance Office Equipment Accumulated Depreciation-OE Notes Payable Accounts Payable Interest Payable Income Tax Payable Unearned Service Revenue Capital Stock Retained Earnings Dividend Service Revenue Commissie Revenu Salaries expense Depreciation Expense Rent expense Office Supplies Expense Insurance expense Interest expense Income tax expense 25,000 50,000 5,000 25,000 50,000 15,000 205,000 170,000 20,000 250,000 100,000 60,000 20,000 20,000 15,000 15,000 15.000 25,000 Total 925,000 92540 Other data 1. Office supplies on hand totals 15,000. 2. Rent was paid November 1 for six months. 3. Insurance was purchased on December 1 for 12 months. 4. Interest on notes payable is 12% per year. One month interest is due. 5. Office equipment is depreciated aver a period of 5 years (60 months) 6. Accrued and unpaid salaries amounted to 10,000. 7. Received a utility bill for 20,000. 8. Received a fuel bill for 10,000 9. Income tax expense for entire year is 35,000. 10. Revenue against unearned is Rs. 8,000 a. Prepare the necessary adjusting journal entries on December 31, 2018 b. Past the entries in the respective T accounts