Showtime Theater Production Company€™s unadjusted and adjusted trial balances at December 31, 2012, follow.

Requirement
1. Journalize the adjusting entries that account for the differences between the two trialbalances.

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SHOWTIME THEATER PRODUCTION COMPANY Adjusted Trial Balance December 31, 2012 Trial Balance Adjusted Trial Balance Debit Credit Debit Credit Account $ 3,500 $ 3,500 Cash Accounts receivable 6,000 6,900 Supplies Prepaid insurance Equipment Accumulated depreciation Accounts payable Salary payable 1,300 50 2,100 1,300 23,000 23,000 $ 11,600 %$4 8,100 5,000 5,000 500 Common stock 17,000 17,000 Retained camings 4,100 4,100 Dividends 28,500 28,500 59,600 60,500 Service revenue Depreciation expense Supplies expense Utilities expense Salary expense 3,500 800 5,400 5,400 24,000 24,500 Insurance expense 800 $ 93,800 $ $ 98,700 $ 98,700 Total 93,800