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The unadjusted trial balance of Pikeville Inn Company at December 31, 2018, and the data needed for the adjustments follow. (Click the icon to view

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The unadjusted trial balance of Pikeville Inn Company at December 31, 2018, and the data needed for the adjustments follow. (Click the icon to view the unadjusted trial balance.) A (Click the icon to view the adjustment data.) Read the requirements. i Data Table Requirement 1. Journalize the adjusting entries. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) a. As of December 31, Pikeville had $500 of Prepaid Insurance remaining. Date Accounts and Explanation Debit Credit (a) Dec. 31 Pikeville Inn Company Unadjusted Trial Balance December 31, 2018 Balance Debit Credit A More Info Account Title Cash 11,800 Adjustment data at December 31 follow: 12,300 b. At the end of the month, Pikeville had $750 of office supplies remaining. 1,400 Date Accounts and Explanation Debit Credit 1,300 375,000 (b) Dec. 31 a. As of December 31, Pikeville had $500 of Prepaid Insurance remaining. b. At the end of the month, Pikeville had $750 of office supplies remaining. c. Depreciation on the building is $1,500. d. Pikeville pays its employees weekly on Friday. Its employees earn $1,300 for a five-day workweek. December 31 falls on Wednesday this year. e. On November 20, Pikeville contracted to perform services for a client receiving $3,000 in advance. Pikeville recorded this receipt of cash as Unearned Revenue. As of December 31, Pikeville has $2,100 still unearned. $ 350,000 4,500 Accounts Receivable Prepaid Insurance Office Supplies Building Accumulated Depreciation-Building Accounts Payable Salaries Payable Unearned Revenue Common Stock Dividends Service Revenue Salaries Expense Insurance Expense Depreciation Expense-Building Advertising Expense Supplies Expense 3,000 32,560 Print Done c. Depreciation on the building is $1,500. 2,170 Date Accounts and Explanation Debit Credit Requirements 16,900 (c) Dec. 31 2,400 590 1. Journalize the adjusting entries on December 31. The four-column ledger accounts have been opened for you using the unadjusted trial balance. Post the adjusting entries to the ledger accounts. 3. Prepare the adjusted trial balance. 4. Assuming the adjusted trial balance has total debits equal to total credits, does this mean that the adjusting entries have been recorded correctly? Explain. Choose from any list or enter any number in the input fields and then continue to the next

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