Make Adjustments / Adjusting entry 1) The company use the asset method in recording prepayment and liability method in recording Deferrals 2) office supplies show a zero balance at the end of the year

Unadjusted Trial Balance as at Dec 31 Account Title Debit Credit Cash 1158500 Prepaid Rent 96000 Office supplies 2000 Furniture & Fixtures 18000 Computer equipment 45000 Trucks 1500000 Accounts payable 45000 Loan from BOD Bank 200000 Mrs.Alice Capital 2500000 Drawings 20000 Delivery services 129000 Taxes & Licenses 6500 Utilities Expenses 6000 Vehicle insurance 10000 Driver salary 12000 Totals 2874000 2874000 Unadjusted Trial Balance as at Dec 31 Account Title Debit Credit Cash 1158500 Prepaid Rent 96000 Office supplies 2000 Furniture & Fixtures 18000 Computer equipment 45000 Trucks 1500000 Accounts payable 45000 Loan from BOD Bank 200000 Mrs.Alice Capital 2500000 Drawings 20000 Delivery services 129000 Taxes & Licenses 6500 Utilities Expenses 6000 Vehicle insurance 10000 Driver salary 12000 Totals 2874000 2874000