REM Consulting is completing its accounting processing at the end of the fiscal year, December 31. The following trial balances are available.
Accounts	Unadjusted			Adjustments			Adjusted
	Trial Balance						Trial Balance
	Debit	Credit		Debit	Credit		Debit	Credit
Cash	13,000						13,000
Accounts Receivable	1,500						1,800
Prepaid Insurance	600						200
Supplies	3,800						3,000
Land	25,000						25,000
Machines	30,000						30,000
Accumulated Depreciation		12,000						17,500
Trademarks	50,000						50,000
Wages Payable								900
Unearned Revenue		6,700						6,500
Common Stock		24,000						24,000
Paid-in Capital		60,000						60,000
Retained Earnings		15,000						15,000
Dividends	4,800						4,800
Service Revenue		25,000						25,500
Wages Expense	14,000						14,900
Insurance Expense							400
Supplies Expense							800
Depreciation Expense							5,500
	142,700	142,700		-	-		149,400	149,400
(a) Reconstruct the adjusting entries and give a brief explanation of each.
Prepare an Income Statement for REM Consulting based on this information
Prepare a Balance Sheet for REM Consulting based on this information