Adjustment data: a. Depreciation was recorded on the equipment and building using the straight-line method. For the equipment, assume a useful life of five years and a salvage value of $0.

For the building, assume a useful life of 15 years and a salvage value of $5,000. b. Unearned Revenue earned during the month, $300 c. Accrued Salaries Expense, $500. d. Prepaid Insurance for the month has expired. e Supplies on hand, $150. f. Accrued Service Revenue for services provided to Laurel, $1000. 5. Prepare an adjusted trial balance as of December 31, 2023. 6. Prepare Belly's Swimming Services income statement and statement of owner's equity for the month ended December 31, 2023, and the classified balance sheet on that date. 7. Journalize the closing entries, and post to the T-accounts. 8. Prepare a post-closing trial balance as of December 31, 2023./n30 Collected the remaining cash from Connie's account. 31 Belly withdrew cash of $1,000. Requirements 1. Record each transaction in the journal using the following chart of accounts. Explanations are not required. Cash Accounts Receivable - Connie Supplies Prepaid Insurance Equipment Accumulated Depreciation- Equipment Accounts Payable Salaries Payable Unearned Revenue Belly, Capital Accumulated Depreciation- Building Belly, Withdrawals Income Summary Service Revenue Salaries Expense Depreciation Expense- Equipment Insurance Expense Building Utilities Expense Supplies Expense Depreciation Expense- Building Accounts Receivable - Jere 2. Post the transactions in the T-accounts. 3. Prepare an unadjusted trial balance as of December 31, 2023. 4. Joumalize the adjusting entries using the following adjustment data and also by reviewing the journal entries prepared in Requirement 1. Post adjusting entries to the T- accounts.