Brook Corporation was founded by Ronnie Brook in January 2003. The adjusted and unadjusted trial balances as at December 31, 2014, follow:

Instructions
(a) Journalize the annual adjusting entries that were made.
(b) Prepare an income statement and statement of retained earnings for the year ending December 31,2014, and a balance sheet at December 31, 2014

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BROOK CORPORATION Trial Balance December 31, 2014 Unadjusted Adjusted $ 7,000 Cash Accounts receivable Note receivable Supplies Prepaid insurance Prepaid rent Equipment Accumulated depreciation equipment Accounts payable Unearned revenue Salaries and wages payable Common shares Retained earnings Service revenue Interest income Salaries and wages expense nsurance expense Depreciation expense Supplies expense Rent expense S 8,000 25,800 10,000 5,500 2,500 4,000 50,000 10,000 3,250 6,000 50,000 $ 27,000 5,000 7,000 $33,750 5,150 5,600 1,500 15,000 4,500 72,800 1,000 15,000 4,500 58,600 10,350 11,850 750 6,750 8,150 5,000 4,000 $117,100 $117,100 $139,300 $139,300