Using the trial balance above, along with the adjusting information below, present: 1.) the 7 general journal entries (a-g) necessary for year-end adjustment. 2) the 5 initial journal entries involving cash representing the five deferrals from part (1) 3) the 2 new year journal entries involving cash representing the two accrual adjustments from Part (1) a) $120 worth of prepaid insurance has expired. b) A count of the supplies shows $600 worth has been used up. c) Depreciation on equipment this year is $240. d) Depreciation on furniture is $320 this year. e) An unbilled invoice is discovered by Tammy. A customer owes $360 on account for a tattoo created on December 22nd. The customer will pay in full on January 18, 2021. f) As of today (the year-end), $140 worth of the Unearned Revenue has been earned. Tammy has only one employee, an assistant who works a five-day workweek at $750 per week. The employee was paid last Friday but worked two days this week (the year ends on a Tuesday) for which she has not been paid. The employee is looking forward to the Friday January 3, 2020 paycheck. Accumulated Depreciation-Furniture. Salaries Payable...... Unearned Revenue......... 1,600 Capital Stock....... 12,700 Dividends............ 400 Service Revenue.... 7,480 3,200 690 Salaries Expense........ Utilities Expense.......... Depreciation Expense-Equipment..... Depreciation Expense-Furniture......... Supply Expense..... Insurance Expense.. Totals.... .. $ 21,780 $ 21,780 Question Not yet answered Marlied out of 8.00 Plus question Tammy's Tattoos, a service providing corporation, had the following trial balance just before you, Tammy's accountant, adjusts the accounts at the end of Tammy's first year, December 31, 2020: Tammy's Tattoos Unadjusted Trial Balance December 31, 2020 Debit Credit $ 3,100 250 Cash........... Accounts Receivable.. Prepaid Insurance....... Supplies....... Equipment... Accumulated Depreciation-Equipment.. Furniture........... 840 5,600 7.700 Question 2 Not yet answered Marked out of 16.00 Flag question After completion of Problem 1, above, change the account balances to their "after adjustment" new totals and produce, in the proper format, an Adjusted Trial Balance dated December 31, 2020. This should be an entirely new document, not merely a couple of columns placed beside the upadjusted trial balance. A three-line heading is required. (Hint: Do not use the initial entries or the new year entries, only Problem 1 adjustments are to be used. An adjusted trial balance is always a combination of the unadjusted trial balance and the adjusting entries ONLY. And remember, it's not just the new accounts that change; it's every account that got adjusted changing which in turn produces the new Adjusted Trial Balance