P4-27A (L.OBJ. 2, 3) Journalizing adjusting and closing entries (45-60 min) The unadjusted trial balance and adjustment data of Jones Real Estate Company at June 30, 2011, follow sont JONES REAL ESTATE APPRAISAL COMPANY Unadjusted Trial Balance June 30, 2011 Account Title Dehir Credit Cash 4,100 Accounts receivable 3,900 Supplies 4,000 Prepaid in arance 1,700 Building 73,900 Accumulated depreciation $ 18,100 Land 14,500 Accounts payable 19,300 Interest payable 8,100 Salary payable 600 J. Jones, Capital 32,900 J. Jones, Withdrawal 26,500 Service revenue 99.000 Salary expense 33,700 Depreciation expense 0 Tosce expense 5,500 3.600 Supplier expense 6.900 Total $ 178,200 $ 178,200 Utilities expense Adjustment data at June 30, 2011: .. Prepaid insurance expired, 5500 b. Accred service revenue, $1,500 c. Accrued salary expenst, $1,200 d. Depreciation for the year, 58,300 & Supplies wed during the year, 5700 Requirements 1. Open T-accounts for Capital and all the accounts that follow on the trial bal- ance. Insert their unadjusted balances. Also open a T-account for Income sum- mary, which has a zero balance, 2. Journalize the adjusting entries and post to the accounts that you opened. Show the balance of each revenue account and each expense account. 3. Journaliste the closing entries and post to the accounts that you opened. Draw double underlines under each account balance that you close to zero. 4. Compute the ending balance of Capital