Required Information (The following information applies to the questions displayed below.] Jaguar Auto Company provides general car maintenance to customers. The company's fiscal year-end is December 31. The December 31, 2018. trial balance (before any adjusting entries) appears below. Credits Debits $ 16,500 13.900 21.500 17,400 84.000 $ 26,500 10.900 Accounts Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation Accounts Payable Salaries Payable Utilities Payable Interest Payable Notes Payable Common Stock Retained Earnings Dividends Service Revenue Salaries Expense Depreciation Expense Insurance Expense Supplies Expense Utilities Expense Interest Expense 29.500 24.000 8.900 1.900 218.800 152,500 10.900 Totals $318.600 $318.600 Information necessary to prepare the year-end adjusting entries appears below. a. Depreciation on the machines for the year is $8.900. b. Employee salaries are paid every two weeks. The last pay period ended on December 23. Salaries earned from December 24 through December 31, 2018, are $2.900. c. On September 1, 2018, Jaguar borrows $29.500 from a local bank and signs a note. The note requires interest to be paid annually on August 31 at 12%. The principal is due in five years. d. On March 1, 2018, the company purchases insurance for $17.400 for a one-year policy to cover possible injury to mechanics. The entire $17.400 was debited to Prepaid Insurance at the time of the purchase. e. $3,900 of supplies remains on hand at December 31, 2018 f. On December 30, Jaguar receives a utility bill of $1.650 for the month. The bill will not be paid until early January 2019. and no entry was recorded when the bill was received. Required: 1., 2. & 6. Enter the unadjusted balances from the trial balance and post the adjusting entries to the T-accounts, and post the closing entries to the T-accounts. Answer is not complete. Cash Accounts Receivable 13.900 Bea. Bal. 16,500 Beg. Bal. End. Bal. 16,500 End. Bal. 13.900 Supplies Prepaid Insurance 17.400 14,500 X Bea Bal Beg. Bal. 21,500 17,600ADJ. e. End. Bal. 3.900 End. Bal. 2.900 Equipment 84,000 Beg. Bal. Beg. Bal. ADJ. a. Accumulated Depreciation 20.500 X 3,900 End. Bal. 84,000 End. Bal. 35,400 Salaries Payable Accounts Payable 10,900 Beg. Bal. Beg. Bal. ADJ. b. 2.900 X End. Bal. 10.900 End. Bal. 2.900 Utilities Payable interest Payable Beg. Bal. Beg. Bal. ADJ.C. L 1,650 ADJ. f. 1.180 End. Bal. 1,650 End. Bal. 1.180 Notes Payable 29,500 Common Stock 24,000 Beg. Bal. Beg. Bal. End. Bal. L 29.500 End. Bal. 24.000 Retained Earnings 8,900 Dividends 1,900 Beg. Bal. Beg. Bal. End. Bal. 8.900 End. Bal. L 1.900 Service Revenue 218.800 Beg. Bal. Beg. Bal. ADJ. b. Salaries Expense 152,500 2.900 End. Bal. 218.800 End. Bal. 155,400 Depreciation Expense Insurance Expense Beg. Bal. Beg. Bal. ADJ. d. ADJ. a. 8.900 14,500 End. Bal. 8.900 End. Bal. 14.500 Supplies Expense Beg. Bal. ADJ. e. Beg. Bal. ADJ. f. Utilities Expense 10,900 1.650 17,600 End. Bal. 17,600 End. Bal. L 12,550 Interest Expense Beg. Bal. ADJ.C. 1.180 End. Bal. 1,180 Journal entry worksheet 2 3 Record the entry to close the revenue accounts. Note: Enter debits before credits General Journal Debit Credit Date December 31, 2018 Record entry Clear entry View general journal Journal entry worksheet Record the entry to close the expense accounts. Note: Enter debits before credits General Journal Debit Credit Date December 31, 2018 Record entry Clear entry View general journal Journal entry worksheet Record the entry to close the dividends account. Note: Enter debits before credits General Journal Debit Credit Date December 31, 2018 Record entry Clear entry View general journal