Unadjusted Trial Balance Cash 9,500 Adjusted Trial Balance 9,500 Accts Receivable 7,600 Prepaid Insurance 900 Prepaid Rent 600 Equipment 13,000 13,000 Accumulated Depr. 1,500 Accts Payable 1,100 1,100 Unearned Revenue 1,200 Loan Payable 7,000 Smith, Capital 14,000 14,000 Smith, Withdrawals 3,400 3,400 Service Revenue 24,000 Wages Expense 9,600 Telephone Expense 2,000 2,000 Insurance Expense 2,200 Interest Expense Rent Expense Depreciation Expense Wages Payable NAME: Required: Assignment 2-Chapter 3-Financial 7,000 a) Journalize the 7 adjusting entries using the info below. b) Post the adjustments to the general ledger accounts given c) Complete the adjusted trial balance using the updated account balances. d) Prepare an Income Statement further below using the adjusted trial balan (scroll down...) Information for completing adjusting entries: 1. Prepaid Rent that expired during the month $200 2. Unearned revenue that was earned during the month $500 3. Accrued interest Incurred on the Loan Payable $150 4. Depreciation of the Equipment for the month- $300 5. Wages incurred but not yet paid at month end $400 6. Insurance that expired during the month $350 7. Services provided but not yet billed $800 Interest Payable 48,800 45,800 27,900 22,300 Sheet2 Sheet