Chapter 4, Problem 4.18E

Adjusting Journal Entries; Adjusted Trial Balance. Magic Cleaning Services (MCS) has a fiscal year-end of December 31. It is the first year of operations As of year-end, MCS has the following unadjusted trial balance

Magic Cleaning Services Unadjusted Trial Balance At December 31
Account	Debit	Credit
Cash	$430,900
Accounts Receivable	158,000
Supplies	111,000
Prepaid Rent	2.400
Building Accounts Payable	90,000	$45,900
Unearned Service Revenue		98,000
Common Stock		100,000
Retained Earnings		0
Service Revenue		619,200
Wage Expense	48,600
Utilities Expense	6,200
Administrative Expense	16,000
Totals	$863,100	$863,100

Required

1. a. Journalize necessary adjusting journal entries Omit explanations.
2. b. Prepare an adjusted trial balance as of December 31 2018.