The unadjusted trial balance of the Dairy Plus Company as of December 31 is found on the trial balance tab. The following information is required to prepare the necessary adjusting entries for the Dairy Plus Company. 1) The balance in Prepaid insurance represents a 24-month policy that went into effect on December 1. Review the unadjusted balance in Prepaid insurance, and prepare the necessary adjusting entry, if any. 2) Based on a physical count, supplies on hand total $4,050. Review the unadjusted balance in Supplies, and prepare the necessary adjusting entry, if any. 3) The equipment is expected to have an 5-year useful life, and be worth about $10,000 at the end of five years. Review the unadjusted balance in Accumulated depreciation, and prepare the necessary adjusting entry to record the monthly depreciation, if any. 4) On December 26, the client paid a $13,800 60-day fee in advance, covering December 27 to February 24. Review the unadjusted balance in Unearned Consulting Revenue, and prepare the necessary adjusting entry, if any. 5) Dairy Plus's employee earns $120 per day for a five-day workweek beginning on Monday and ending on Friday. The employee was last paid on Friday, December 26. Review the unadjusted balance in Salaries expense, and prepare the necessary adjusting entry, if any. 6) In the second week of December, Dairy Plus agreed to provide 30 days of consulting services to a local fitness club for a fixed fee of $5,820. The terms of the initial agreement call for Dairy Plus to provide services from December 12, through January 10, or 30 days of service. The club agrees to pay Dairy Plus $5,820 on January 10, when the service period is complete. Review the unadjusted balance in Consulting revenue, and prepare the necessary adjusting entry, if any. Requirement General Journal General Ledger Trial Balance Income Statement St of Retained Earnings Balance Sheet Impact on income For transactions 1-6, review the unadjusted balance from the Trial Balance and prepare the adjusting entry necessary to correctly report the revenue earned or the expense incurred. After adjusting the accounts, review the financial statements for accuracy. View transaction list Journal entry worksheet < 1 2 3 4 LO 5 6 > < Prev 17 of 17 Next > You may view either the unadjusted or adjusted trial balance by choosing from the drop-down box below. Your choice will determine the reported values on the financial statement tabs. Adjusted Cash Supplies Prepaid insurance Equipment Accounts payable Unearned consulting revenue Common stock Dividends Consulting revenue Rental revenue Salaries expense Rent expense Utilities expense Total Dairy Plus Trial Balance December 31, 2023 Account Title Debit Credit $ 24,475 5,400 6,600 28,000 10,200 13,800 38,000 1,300 7,300 800 2,040 1,900 385 EA $ 70,100 $ 70,100 Unadjusted Tou may view enter the unaujusleu vi aujusleu trai valance by choosmy mom the urop-uuwii DOX DEIOW. TOUI choice will determine the reported values on the financial statement tabs. Cash Supplies Prepaid insurance Equipment Accounts payable Unearned consulting revenue Common stock Dividends Consulting revenue Rental revenue Salaries expense Rent expense Utilities expense Total Dairy Plus Trial Balance December 31, 2023 Account Title Debit Credit 24,475 5,400 6,600 28,000 10,200 13,800 38,000 1,300 7,300 800 SA 2,040 1,900 385 70,100 $ 70,100