The attached unadjusted trial balance is for Power Demolition Company as of the end of its December 31, 2019. The December 31, 2018, credit balance of the owner's capital account was $46,900, and the owner invested $40,000 cash in the company during the 2019 fiscal year. 1. Prepare Journal Entries for the following transactions a. The supplies available at the end of fiscal year 2019 had a cost of $7,900. b. The cost of expired Insurance for the fiscal year is $10,600. c. Annual depreciation on equipment is $7,000. d. The December utilities expense of $800 is not included in the unadjusted trial balance because the bill arrived after the trial balance was prepared. The $800 amount owed needs to be recorded, e. The company's employees have earned $2,000 of socrued wages at fiscal year-end. The rent expense incurred and not yet pald or recorded at fiscal year-end is $3,000. Additional property taxes of $550 have been assessed for this fiscal year but have not been paid or recorded in the accounts. h. The long-term note payable bears interest at 12% per year. The unadjusted Interest Expense account equals the amount paid for the first 11 months of the 2019 fiscal year. The $300 accrued interest for December has not yet been paid or recorded. (Note that the company is required to make a $10.000 payment toward the note payable during the 2020 fiscal year) 2. Record each adjustment into the Adjustment Columns on the Worksheet. When complete 3. Post above Journal Entries into Ledger (T-Accounts) and calculate balances of each Ledger accounts send privately 4. Calculate Adjusted Trial Balance Column and verify totals with balances in Ledger Accounts. 5. Separate Adjusted Trial Balance Column Into Income Statement and Balance Sheet Accounts through chat: The Net Income Power Demolition Company Worksheet December 31, 2019 Unadj. Trial Balance Adjustments Adjusted T/8 Debit Credit Debit Credit Debit Credit 7.000 16,000 12,600 200,000 14,000 6,800 Income Statement Debit Credit Balance Sheet Debit Credit Account Titles Cash Supplies Prepaid insurance Equipment Accumulated depreciation Equipment Accounts payable Interest payable Rent payable Wages payable Property taxes payable Long term notes payable 0.Bonn, Capital 1. Bonn, Withdrawals Demolition fees earned Depreciation expense Equip Wages expense Interest expense Insurance expense Rent expense Supplies expense Property taxes expense Repairs expense utilities experte 30,000 86,900 12,000 187,000 41,400 2.300 13,200 9,700 4 700 4.800 Totals 324,700 324,700 Net Income Totals