The following is Blossom Cycle Repair Shop's trial balance at January 31,2021, the company's fiscal year end.

1. prepare the adjusting entries

2. prepare an adjusted trial balance

BLOSSOM CYCLE REPAIR SHOP Trial Balance January 31, 2021 Debit Credit Cash $4,000 Accounts receivable 6,670 Prepaid insurance 6,420 Supplies 5,240 Land 51,000 Building 190,000 $11,000 Accumulated depreciation-building Equipment 27,000 4,500 6,500 21,990 182,800 Accumulated depreciation-equipment Accounts payable Unearned revenue Mortgage payable H. Dude, capital H. Dude, drawings Service revenue Salaries expense Utilities expense 61,000 100,100 240,550 120.200 12.000 Interest expense 5.710 $528,340 $528,340 Additional information: 1. 2. 3. The 12 month insurance policy was purchased on June 1.2020. A physical count of supplies shows $1,310 on hand on January 31, 2021. The building has an estimated useful life of 50 years. The equipment has an estimated useful life of 9 years. The mortgage payable has a 6% interest rate. Interest is paid on the first day of each month for the previous month's interest. By January 31, 2021. $1,300 of services related to the unearned revenue have been provided. During the next fiscal year. $4,500 of the mortgage payable is to be paid. 4. 5. . 6. Prepare the adjusting entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts. Round answers to decimal places, es. 125.) Debit Credit Date Account Titles and Explanation Jan. 31