Thanos Merchandising Company was established on January 1, 2019. As of December 31, 2019, the following additional information is available:

$5.000 of Office Supplies has been used. Accrued interest revenue is $10.000. $15.000 of prepaid rent has expired as of December 31, 2019. As of December 31, 2017, $20.000 of the Unearned Service Revenue is earned.

Required: A) Find the Marketing Expense for the year of 2019 (Hint: Write all the accounts to debit or credit sides while considering their nature. The total of debit and credit sides should be equal.) (10 points) B) Prepare and journalize the adjusting entries. (20 points) C) Prepare the adjusted trial balance. (20 points) D) Journalize the closing entries. (20 points) E) Prepare Income Statement and Statement of Financial Position (Balance Sheet) of Thanos Service Company in proper form. (30 points)

Thanos Merchandising Company Unadjusted Trial Balance December 13, 2019 Account Balance Bank 218.400 Interest Payable 210.000 Bank Loan (5 years) 644.000 Notes Receivable 392.000 Service Revenue 1.260.000 Cost of Service 672.000 Office Supplies 25.200 Accumulated Depreciation (Building) 392.000 Equipment 308.000 Marketing Expense ???? Building 560.000 Depreciation Expense (Building) 84.000 Interest receivable 105.000 Note payable (3 years) 350.000 Cash 39.200 Profit from sale of equipment 8.400 Account Receivable 159.600 Capital 1.078.000 Utilities Expense 268.800 Accounts Payable 196.000 Bank Loan (1 year) 70.000 Rent Expense 147.000 Prepaid Rent 70.000 Interest Expense 67.200 Accumulated Depreciation (Equipment) 252.000 Service discount 35.000 Land 1.120.000 Depreciation Expense (Equipment) 224.000 Interest Revenue 70.000 Insurance Expense 49.000 Unearned Service Revenue 98.000