In the partial work sheet for K. Joe Company that follows, the Trial Balance and Income Statement columns have been completed. All amounts are in dollars.

1. Show the adjusting entries without giving an explanation.
2. Prepare a balance sheet for December 31,2014.

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Trial Balance Income Statement Debit Credit Debit 28 48 Credit Account Name Cash Accounts Receivable Supplies Prepaid Insurance Building Accumulated Depreciation-Building Accounts Payable Unearned Revenues K. Joe, Capital Revenues Wages Expense 32 100 32 16 128 176 184 120 108 360 360 16 32 Insurance Expense Supplies Expense Depreciation Expense-Building Wages Payable 176 184 Net Income 184 184