Refer to the data in Problem 4-3B on page 231.

Required
1. Open ledger accounts for Accounts Receivable and Service Revenue. Insert their unadjusted balances at December 31, 2017.
2. Journalize the adjusting entry c only and the resulting closing entry for Service Revenue at December 31, 2017. Include explanations. Post to the accounts.
3. On January 10, 2018, Super Media received a payment of $12,000 in settlement of this invoice. Journalize this cash receipt, including an explanation, and post to the accounts. Show the balance in each account.
4. Repeat Requirements 1 through 3 using a reversing entry. Compare the balances of Accounts Receivable and Service Revenue computed by using a reversing entry with those balances computed without using a reversing entry (as they appear in your answer to Requirement 3).

Cash Accounts Receivable Supplies Ba. 87,000 Bal 132,000Bal. 18,000 Equipment Accumulated Amortization-Equipment Accounts Payable Bal. 171,000 Bal. 36,000 Bal. 48,000 Salary Payable Unearned Service Revenue Notes Payable, Long-ternm Bal. 6,000 Ba. 120,000 W. Super, Capital W. Super, Withdrawals Service Revenue Bal. 123,000162.000 Bal. 390,000 Supplies Expense Insurance Expense Salary Expense 108,000 Bal Ba. 30,000 Amortization Expense-Equipment Interest Expense Bal 15,000