Question: Using a TABULAR ANALYSIS summary, record the following adjustments, considering the account balances given. Provide explanations for specific revenue and expense accounts in the Explanation

Using a TABULAR ANALYSIS summary, record the following adjustments, considering the account balances given. Provide explanations for specific revenue and expense accounts in the Explanation column.

Unadjusted Account Balances:

Property plant and equipment 320,000

Accumulated depreciation 89,500

Prepaid Insurance 24,000

Supplies 75,000

Unearned service revenue 3,000

supplies actual count at year end, $6,500

remaining unexpired insurance, $6,000

remaining unearned service revenue, $1,200

salaries owed to employees, $2,400

depreciation on property plant and equipment, $18,000

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