The unadjusted trial balance of the Landscape Dreams 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 Landscape Dreams Company.

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.

Based on a physical count, supplies on hand total $$3,600.$ Review the unadjusted balance in Supplies, and prepare the necessary adjusting entry, if any.

The equipment is expected to have an $5-$year useful life, and be worth about $$11,000$ 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.

On December $26,$ the client paid a $$12,00060-$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.

Landscape Dreams's employee earns $$170$ 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.

In the second week of December, Landscape Dreams agreed to provide $30$ days of consunting services to a local fitness club for a fixed fee of $$5,100.$ The terms of the initial agreement call for Landscape Dreams to provide services from December $12,$ through January $10,$ or $30$ days of service. The club agrees to pay Landscape Dreams $$5,100$ on January $10,$ when the service period is complete. Review the unadjusted balance in Consulting revenue, and prepare the necessary adjusting entry, if any.

Answer is not complete.

$$ General

General

Trial Balance

Income

St of Retained

Balance Sheet

Impact on

Journal

Ledger

Statement

Earnings income

For each adjustment, indicate the income statement and balance sheet account affected, and the impact on net$\backslash$table$[[$Requirement$,\backslash$table$[[$General$],[$Journal$]],\backslash$table$[[$General$],[$Ledger$]],$Trial Balance,$\backslash$table$[[$Income$],[$Statement$]],\backslash$table$[[$St of Retained$],[$Earnings$]],$Balance Sheet,$\backslash$table$[[$Impact on$],[$income$]]]]$

For each adjustment, indicate the income statement and balance sheet account affected, and the impact on net income. If an adjustment caused net income to decrease, enter the amount as a negative value. Net income before adjustments can be found on the income statement tab. $($Hint: Select unadjusted on the dropdown.$)$

Adjusted

Dates:

December $31$