Please help with this one, would really appreciate it! Thanks!
The trial balance of Large Company, Inc., at the end of its annual accounting period is as follows: LARGE COMPANY, INC.
Trial Balance
December 31, 2019
Cash……………………………………………………………..
$ 4,000
Accounts Receivable………………………………..
400
Prepaid Insurance………………………………………….
1,200
Supplies ………………………………………………………
2,100
Equipment ……………………………………………………
20,000
Accumulated Depreciation—Equipment…………..
$ 2,000
Owner Capital ……………………………………….
19,000
Owner Withdrawals ………………………………………
2,000
Revenue………………………………………………………..
33,000
Salaries Expense……………………………………………
18,300
Rent Expense ……………………………………………….
6,000
______
Totals……………………………………………………………
$54,000
$54,000
Additional information: Expired insurance, $400. Unused supplies, per inventory, $800. Estimated depreciation, $1,000. Earned but unpaid salaries, $700. Services completed for a client by year-end but the client has not been billed for those services, $500
Required:
1) Prepare adjusting entries ONLY. No need for closing or post-closing entries.
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