The T-accounts, along with their unadjusted balances, have been opened for you. Post the adjustments and then calculate the adjusted balance of each account. Denote each adjusting amount as Adj. (along with the corresponding letter reference; Adj. (a), Adj. (b), etc.) and an account balance as Bal.

Review the adjusting entries you prepared above.

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Cash

Accounts Payable

Service Revenue

Bal.

16,650

5,150

Bal.

5,700

Bal.

Accounts Receivable

Unearned Revenue

Rent Expense

Bal.

1,300

3,150

Bal.

Bal.

3,000

Office Supplies

Salaries Payable

Utilities Expense

Bal.

250

0

Bal.

Bal.

400

Equipment

Drake, Capital

Supplies Expense

Bal.

1,800

15,000

Bal.

Bal.

0

Accumulated Depr.Equipment

Drake, Withdrawals

Salaries Expense

0

Bal.

Bal.

600

Bal.

0

Furniture

Depreciation ExpenseEquipment

Bal.

5,000

Bal.

0

Accumulated Depr.Furniture

Depreciation ExpenseFurniture

0

Bal.

Bal.

0

Take a Test - Ilayda caglar - Google Chrome mathal.com/Student/PlayerTest.aspx?testId=2376513218centerwin=yes BA2223 Section 1 2021-2022 ilayda caglar & 12/10/21 9:33 AM Test: Midterm Exam Question 1 of 2 1 2 > This test: 2 point(s)possible This question: 1 point(s) possible Submit test Start from the unadjusted trial balance and the posted T-accounts that Drako Consulting prepared at December 31, 2016 as follows: T (Click the icon to view the unadjusted trial balance) At December 31, the business gathers the following information for the adjusting entries (Click the icon to view the additional information) Read the requirements Adj. (b), etc.) and an account balance as Bal - X Review the adjusting entries you prepared above More info Cash Accounts Payable 5.150 Ral 16 6501 1 a. Accrued service revenue $600. b. Eamed $1,050 of the service revenue collected in advance on December 21 c. Office supplies on hand $150 d. Depreciation on equipment, $20, Depreciation on furniture, S70. e. Accrued $500 expense for administrative assistant's salary 1 Accounts Receivable Uneamed Revenue 3,150 Bal 1,300 Print Done Office Supplies Utilities Expense Salarles Payable 0 Bal Dal 250 Ba 400 I Time Remaining: 01:28:14 Next OL -- 09:33 10.12.2021