These financial statements were prepared from the adjusted trial balance.

Cole Designs Inc.

Income Statement

For the Year Ended December 31, 2017

1	Service revenue		$76,800.00
2	Expenses:
3	Wages expense	$46,150.00
4	Supplies expense	3,530.00
5	Insurance expense	2,700.00
6	Depreciation expense	1,700.00
7	Total expenses		54,080.00
8	Net income		$22,720.00

Cole Designs Inc.

Balance Sheet

December 31, 2017

1	Assets
2	Cash		$5,000.00
3	Accounts receivable		33,250.00
4	Supplies		120.00
5	Prepaid insurance		1,300.00
6	Office equipment	$11,000.00
7	Accumulated depreciation-office equipment	(1,700.00)	9,300.00
8	Total assets		$48,970.00
9	Liabilities
10	Wages payable		$1,850.00
11	Unearned revenue		3,950.00
12	Total liabilities		$5,800.00
13	Stockholders Equity
14	Common stock	$12,000.00
15	Retained earnings	31,170.00	43,170.00
16	Total liabilities and stockholders equity		$48,970.00 Journalize the six December 31 adjusting entries for Cole Designs Inc. that adjusted the accounts to arrive at the financial statements in the Adjusted Financial Statements panel. Refer to the Chart of Accounts for exact wording of account titles. Record each adjustment as a separate entry.