You should already have the unadjusted Trial Balance for Halifax Research, found as an attachment to the announcement I sent on Friday. Below is the adjusting entry information that you will need. Using it, please prepare (in proper format, including explanations) the adjusting entries, on the Journal page I have already sent you. The company prepares its Adjusted Trial Balance at the end of each month, so your entries only will cover the month of December. You will need to create a small number of new accounts for this. Then, if you want to use the T-account pages to keep track of things, please do do, and find final totals for all your accounts. Use these totals to make an Adjusted Trial Balance, which you will write on the two-column page I have sent you. Watch the order of your accounts carefully, placement of $ signs and so on. Underneath your Adjusted Trial Balance, calculate the profit or loss earned by Halifax Research during the month of December, and show it clearly. PLEASE NOTE that I do NOT want to see your T-accounts; just submit your Adjusting journal entries and your completed Adjusted Trial Balance plus profit/loss calculation on th pages I provided for these (attached to my Friday announcement). ADJUSTMENTS 1. At the end of December, $4,000 of new revenue had been earned, but the bills have not yet been sent to clients, and this revenue is not yet in the $78,900 total on your Trial Balance. ' 2. Halifax prepaid a year's worth of rent ($12,000 in total) in September. The entry for December rent has not been made yet. 3. Supplies remaining on hand at December 31------ $900. 4, Depreciation on the furniture is $1,250 per month. 5. Workers at Halifax Research earn $10,000 in total salary over a 5-day week. As at Dec. 31, three days of salary has accrued, and will not be paid to them until the next payday, in January of 2021.HALIFAX RESEARCH CORP. TRIAL BALANCE (Unadjusted) Dec. 31, 2020 Dr. Cr. Cash $ 60,200 Accounts Receivable 38,500 Supplies 2,400 Prepaid Rent 9,000 Furniture 72,000 Accumulated Depreciation, Furniture 13, 750 Accounts Payable 18,450 Common Stock 125,000 Dividends 10,000 Service Revenue 78,900 Salaries Expense 32,000 Utilities Expense 12,000 TOTALS $236,100 $ 236,100