[The following information applies to the questions displayed below Jaguar Auto Company provides general car maintenance to customers. The company's fiscal year-end is December 31. The December 31, 2018, trial balance (before any adjusting entries) appears below. Debits Credits Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation Accounts Payable Salaries Payable Utilities Payable Interest Payable Notes Payable Common Stock Retained Earnings S 22,000 27,000 24,000 95,000 $ 37,000 12,000 35,000 35,000 10,000 3,000 227000 Service Revenue Salaries Expense Depreciation Expense Insurance Expense Supplies Expense Utilities Expense Interest Expense 158,000 0 12,000 Totals S356,000 $356,000 Information necessary to prepare the year-end adjusting entries appears below. a. Depreciation on the machines for the year is $10,000. b. Employee salaries are paid every two weeks. The last pay period ended on December 23. Salaries earned from December 24 through December 31, 2018, are $4,000. c. On September 1, 2018, Jaguar borrows $35,000 from a local bank and signs a note. The note requires interest to be paid annually on August 31 at 9%. The principal is due in five years. d. On March 1, 2018, the company purchases insurance for $24,000 for a one-year policy to cover possible injury to mechanics. The entire $24,000 was debited to Prepaid Insurance at the time of the purchase. e. $5,000 of supplies remains on hand at December 31, 2018. f. On December 30, Jaguar recelves a utility bill of $2,200 for the month. The bill will not be paid until early January 2019, and no entry was recorded when the bill was received. 7. Prepare a post-closing trial balance. JAGUAR AUTO COMPANY Post-Closing Trial Balance December 31, 2018 Accounts Debit Credit Totals 0 $ 0