Question: Please help with this one, would really appreciate it! Thanks! The trial balance of Large Company, Inc., at the end of its annual accounting period

Please help with this one, would really appreciate it! Thanks!

The trial balance of Large Company, Inc., at the end of its annual accounting period is as follows:

LARGE COMPANY, INC.

Trial Balance

December 31, 2019

Cash.......................................................................

$ 4,000

Accounts Receivable..

400

Prepaid Insurance.................................................

1,200

Supplies ...............................................................

2,100

Equipment ............................................................

20,000

Accumulated DepreciationEquipment..............

$ 2,000

Owner Capital .

19,000

Owner Withdrawals .............................................

2,000

Revenue.................................................................

33,000

Salaries Expense...................................................

18,300

Rent Expense .......................................................

6,000

______

Totals.....................................................................

$54,000

$54,000

Additional information:

  1. Expired insurance, $400.
  2. Unused supplies, per inventory, $800.
  3. Estimated depreciation, $1,000.
  4. Earned but unpaid salaries, $700.
  5. Services completed for a client by year-end but the client has not been billed for those services, $500

Required:

1) Prepare adjusting entries ONLY. No need for closing or post-closing entries.

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