The following account balances pertain to the KH Co. at December 31, 2019 (before adjusting entries). Accounts Payable Common Stock Debit Cash $300,000 Retained Earnings Prepaid Insurance 50,000 Service Revenue Land 400.000 Wages Expense 150,000 Accounts Payable. Rent Expense 180.000 Common Stock Retained Earnings Total $1.080.000

Required: (1) Prepare adjusting entries to KH Co's accounts at December 31, 2013. Each entry general journal format. Identify each entry by using the letter of should be made in the paragraph containing the additional information for the entry. (2) Prepare the current year income statement (3) Prepare the current year retained earnings statement. (4) Prepare the current year balance sheet. (5) Prepare the closing entries.