Cash Accounts receivable Prepaid insurance Supplies inventory Trial balance Financial Statements Statement of Income Balance Sheet Statement of Cash Flows Trial balance Debits Credits Adjusting entries Debits Credits Adjusted trial balance Debits _ Credits _ Revenue Assets Cash Accounts receivable Prepaid insurance Supplies inventory Computer equipment Accumulated depreciation Total assets Net income + Depreciation - Accounts receivable - Prepaid insurance - Supplies + Accounts payable Cash from operations Computer equipment Accounts payable Notes payable Common stock Accounts Cash Accounts receivable Prepaid insurance Supplies inventory Computer equipment Accumulated depreciation Accounts payable Notes payable Common stock Revenue Cleaning expense Depreciation expense Insurance expense Interest expense Rent expense Salaries expense Supplies expense Utilities expense Expenses Cleaning expense Depreciation expense Insurance expense Interest expense Rent expense Salaries expense Supplies expense Utilities expense Total expenses Equipment Cash from investing Liabilities Accounts payable Notes payable Total liabilities Stock Notes payable Cash from financing TITI Revenue Cleaning expense Rent expense Salaries expense Net income (loss) Stockholders' Equity Common stock Retained earings Total stockholders' equity Beginning balance Cash flows Statement of Stockholders' Equity .S .S - $ Total liabilities & equity Prepare the adjusted trial balance by making the the following adjustments (use AP for all payables): 1. Recognize one month of insurance expense, interest expense, and depreciation on equipment (5-year asset) Beginning balance Common stock Net income (loss) Retained earnings Dividends Ending balance 2. Accrue for salaries expense and utilities expense of $695 and $286, respectively 3. Supplies on hand were $1,305 cord the following journal entries and post to the T-accounts for ABC Company for the month of January 1. On 1/1, Common stock was issued for $50,000. 2. On 1/3, ABC signed a 6% note (.5% per month) at State Bank for $75,000. 3. On 1/4, ABC purchased computer equipment for $81,500. 4. On 1/6, ABC purchased office supplies on account for $2,850. 5. On 1/7, ABC purchased prepaid insurance for $4,800 and paid rent of $1,800. 6. On 1/10, ABC paid salaries of $950. 7. On 1/15, ABC provided computer consulting services for a client and received $ 3,450 in cash. 8. On 1/20, ABC provided computer consulting services for a client that promised to pay $3,150 in 30 days. 9. On 1/21, ABC paid for half of the office supplies purchased on 1/6. 10. On 1/24, ABC paid salaries of $1,235. 11. On 1/26, ABC collected a partial payment of $1,100 from the client from 1/20. 12. On 1/29, ABC paid for $75 cleaning services