The unadjusted trial balance of WCC Services at December 31, 2018, and the data for the adjustments follow:

WCC Services

Unadjusted Trial Balance

December 31, 2018

	Balance	Balance
Account Title	Debit	Credit
Cash	$ 20,000
Accounts Receivable	14,000
Equipment	50,000
Accumulated Depreciation - Equipment		$ 17,500
Accounts Payable		10,000
Unearned Revenue		9,000
WCC, Capital		35,000
WCC, Withdrawals	5,000
Service Revenue		49,000
Advertising Expense	4,000
Depreciation Expense - Equipment	8,000
Insurance Expense	4,500
Salaries Expense	15,000	________
Total	$ 120,500	$ 120,500

Adjustment data at December 31 follows:

a. Depreciation for the equipment is $4,000.

b. As of December 31, 2018, WCC had performed services for Wilson Company for $3,000. The invoice will be sent on January 5, 2019 and payment is due on January 15, 2019.

c. On August 31, 2018, WCC agreed to provide consulting services to Allen Company for 6 months, beginning on September 1, 2018, at $1,500 per month. Allen paid $9,000 on August 31, 2018. WCC treats deferred revenues initially as liabilities.

WCC is preparing financial statements for the year ending December 31, 2018.

Requirements

1. Journalize the adjusting entries on December 31, 2018.

2. Prepare the December 31, 2018 adjusted trial balance. Use a proper heading.