xercise Three: On December 31,20XX, the trail balance of Jordan Restaurant shows the following UNADUSTED balances for selected ac Required: An analysis of the accounts shows the following changes. Prepare the adjusting entries and post the transactions. The account balances have been provided for you. On December 31 , supplies on hand amounts to $3,000. iks Earned The equipment worth $40,000 was purchased on October 1 and has a salvage value of $5,000 and has a usefiul life of 5 years. xercise Three: On December 31,20XX, the trail balance of Jordan Restaurant shows the following UNADUSTED balances for selected ac Required: An analysis of the accounts shows the following changes. Prepare the adjusting entries and post the transactions. The account balances have been provided for you. On December 31 , supplies on hand amounts to $3,000. iks Earned The equipment worth $40,000 was purchased on October 1 and has a salvage value of $5,000 and has a usefiul life of 5 years