Section 2 Accounting Applications How does Reliable adjust its revenues and expenses so that its net income is properly measured? Reliable's trial balance follows D E 100) 2.100 1.250 180 240 3,400 AB 1 Reliable Answering Service 2 Trial Balance 3 December 31, 2014 4 5 Cash 6 Accounts Receivable (09 Office Supplies CD). Prepaid Insurano (1) olotice Equipment (20) 10 Accumulated Depreciation Office Equipment (125) 11 Accounts Payable 2.00) 1. Unearned Revenus 20 19 T. Ramos, Capital (300 14. Ramon Withdrawal (305) 18 Answering Service Revenue (40p) 1. Wages Expense 500 17 Rent Expense (S05 te 19 600 700 460 4,870 400 2.900 1,500 400 9.530 0.530 The following information is also available for the company on December 31, 2014: 1. Insurance that expired during December amounted to $40. 2. Office supplies on hand on December 31 totaled $75. 3. Depreciation for December totaled $100. 4. Accrued wages on December 31 totaled $120. 5. Revenues earned for services performed in December but not billed by the end of the month totaled $300. 6. Revenues received in advance of services still to be performed totaled $300 at the end of the year