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The unadjusted trial balance of Jackson's Web Services at December 31, 2014 follows below. Additional data regarding the accounts: 1. Actual supplies on hand

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The unadjusted trial balance of Jackson's Web Services at December 31, 2014 follows below. Additional data regarding the accounts: 1. Actual supplies on hand are $750. 2. Depreciation expense for 2014 has not yet been recorded, but has been calculated as $1,600. 3. Amounts recorded as Unearned Revenue are for services that were provided in December. No additional work needs to be done for these customers. 4. Salaries expense of $1,000 for the last week of December has not been paid yet, and should be recorded as an Account Payable. Instructions a. Complete the worksheet for the month of December, 2014. b. Calculate Profit for the year. c. Calculate the balance in E. Jackson, Capital at December 31, 2014 after closing entries are made. Unadjusted trial balance Adjustments Adjusted trial balance Income Statement Balance Sheet Debit Credit Cash 5,240 Accounts 1,900 receivable Supplies 2,800 Equipment 8,200 Accumulated depreciation- 820 equipment Accounts payable 2,680 Unearned 1,450 revenue E. Jackson, 5,010 capital E. Jackson, 5,500 drawings Service revenue 65,000 Depreciation expense Salaries expense 40,000 Supplies expense 320 Advertising 6,200 expense Telephone and 4,800 internet expense 74,960 74,960

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