Question: Question 1 (25 marks) Do the journal entries for the for the year end adjustments (annual) on December 31, 2020. Use the following unadjusted trial

Question 1 (25 marks) Do the journal entries for
Question 1 (25 marks) Do the journal entries for the for the year end adjustments (annual) on December 31, 2020. Use the following unadjusted trial balance if you need information. Nuna Music Dec 31, 2020 Unadjusted Trial Balance Account Debit Credit Cash $11500 Accounts Receivables 32000 Office Supplies 2430 Prepaid Insurance 16800 Prepaid Rent 5700 Equipment 102000 Accumulated Depreciation - Equipment $23000 Accounts Payables 21370 Unearned Revenue 5030 Nuna, Capital 211200 Nuna, Withdrawals 102000 Revenues 214000 Depreciation Expenses - Equipment 0 Salaries Expenses 187700 Insurance Expenses 14470 474600 474600 1. $ 10000 of the prepaid insurance has expired. 2. Three months of the rent was paid on December 1. 3. Unbilled and unrecorded revenue at year-end totalled $12,000. 4. $2,000 of the unearned revenue is earned. *You can create your accounts as needed

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