Carla VistaServices Company records adjusting entries on an annual… Carla Vista?ervices Company records adjusting entries on an annual basis. The following information is available to be used in recording adjusting entries for the year ended December 31, 2021.1.Prepaid insurance totalling $345?as expired.2.Supplies of $345?ave been used.3.Annual depreciation on equipment is $1,195.4.Services related to unearned revenue of $245?ere performed.5.Salaries of $795?re unpaid.6.Utility expenses for 2021 of $245?re unrecorded and unpaid.7.Services provided but not collected in cash or recorded total $995.8.Interest of $170?n a note payable has accrued.For each adjustment, prepare a basic analysis, a debit-credit analysis. Use the following format, in which the first one has been done:No.Basic TypeIncrease/DecreaseSpecific AccountAmount1.DebitExpenseIncreasesInsurance Expense$345CreditAssetDecreasesPrepaid Insurance3452.Debitselect a Basic Type? ? ? ? ? ? ? ? ? ? ? ? ??? ? ? ? ? ? ? ? ? ? ?ssetContra LiabilityRevenueOwner’s EquityDrawingsContra AssetsExpenseLiabilityselect an effect? ? ? ? ? ? ? ? ? ? ? ? ??? ? ? ? ? ? ? ? ? ? ?ncreasesDecreasesenter a Specific Accountenter a dollar amountCreditselect a Basic Type? ? ? ? ? ? ? ? ? ? ? ? ??? ? ? ? ? ? ? ? ? ? ?iabilityExpenseOwner’s EquityContra LiabilityRevenueContra AssetsDrawingsAssetselect an effect? ? ? ? ? ? ? ? ? ? ? ? ??? ? ? ? ? ? ? ? ? ? ?ncreasesDecreasesenter a Specific Accountenter a dollar amount3.Debitselect a Basic Type? ? ? ? ? ? ? ? ? ? ? ? ??? ? ? ? ? ? ? ? ? ? ?ontra AssetsDrawingsOwner’s EquityAssetContra LiabilityExpenseLiabilityRevenueselect an effect? ? ? ? ? ? ? ? ? ? ? ? ??? ? ? ? ? ? ? ? ? ? ?ncreasesDecreasesenter a Specific Accountenter a dollar amountCreditselect a Basic Type? ? ? ? ? ? ? ? ? ? ? ? ??? ? ? ? ? ? ? ? ? ? ?xpenseRevenueContra AssetsLiabilityAssetContra LiabilityDrawingsOwner’s Equityselect an effect? ? ? ? ? ? ? ? ? ? ? ? ??? ? ? ? ? ? ? ? ? ? ?ncreasesDecreasesenter a Specific Accountenter a dollar amount4.Debitselect a Basic Type? ? ? ? ? ? ? ? ? ? ? ? ??? ? ? ? ? ? ? ? ? ? ?ontra AssetsOwner’s EquityExpenseContra LiabilityRevenueAssetDrawingsLiabilityselect an effect? ? ? ? ? ? ? ? ? ? ? ? ??? ? ? ? ? ? ? ? ? ? ?ncreasesDecreasesenter a Specific Accountenter a dollar amountCreditselect a Basic Type? ? ? ? ? ? ? ? ? ? ? ? ??? ? ? ? ? ? ? ? ? ? ?wner’s EquityLiabilityRevenueDrawingsContra AssetsExpenseAssetContra Liabilityselect an effect? ? ? ? ? ? ? ? ? ? ? ? ??? ? ? ? ? ? ? ? ? ? ?ncreasesDecreasesenter a Specific Accountenter a dollar amount5.Debitselect a Basic Type? ? ? ? ? ? ? ? ? ? ? ? ??? ? ? ? ? ? ? ? ? ? ?ontra AssetsDrawingsRevenueContra LiabilityExpenseOwner’s EquityAssetLiabilityselect an effect? ? ? ? ? ? ? ? ? ? ? ? ??? ? ? ? ? ? ? ? ? ? ?ncreasesDecreasesenter a Specific Accountenter a dollar amountCreditselect a Basic Type? ? ? ? ? ? ? ? ? ? ? ? ??? ? ? ? ? ? ? ? ? ? ?wner’s EquityDrawingsContra AssetsExpenseLiabilityAssetContra LiabilityRevenueselect an effect? ? ? ? ? ? ? ? ? ? ? ? ??? ? ? ? ? ? ? ? ? ? ?ncreasesDecreasesenter a Specific Accountenter a dollar amount6.Debitselect a Basic Type? ? ? ? ? ? ? ? ? ? ? ? ??? ? ? ? ? ? ? ? ? ? ?ssetContra LiabilityOwner’s EquityRevenueLiabilityContra AssetsExpenseDrawingsselect an effect? ? ? ? ? ? ? ? ? ? ? ? ??? ? ? ? ? ? ? ? ? ? ?ncreasesDecreasesenter a Specific Accountenter a dollar amountCreditselect a Basic Type? ? ? ? ? ? ? ? ? ? ? ? ??? ? ? ? ? ? ? ? ? ? ?iabilityContra AssetsDrawingsOwner’s EquityContra LiabilityAssetRevenueExpenseselect an effect? ? ? ? ? ? ? ? ? ? ? ? ??? ? ? ? ? ? ? ? ? ? ?ncreasesDecreasesenter a Specific Accountenter a dollar amount7.Debitselect a Basic Type? ? ? ? ? ? ? ? ? ? ? ? ??? ? ? ? ? ? ? ? ? ? ?ontra AssetsContra LiabilityOwner’s EquityExpenseDrawingsLiabilityRevenueAssetselect an effect? ? ? ? ? ? ? ? ? ? ? ? ??? ? ? ? ? ? ? ? ? ? ?ncreasesDecreasesenter a Specific Accountenter a dollar amountCreditselect a Basic Type? ? ? ? ? ? ? ? ? ? ? ? ??? ? ? ? ? ? ? ? ? ? ?ontra AssetsRevenueOwner’s EquityExpenseLiabilityDrawingsContra LiabilityAssetselect an effect? ? ? ? ? ? ? ? ? ? ? ? ??? ? ? ? ? ? ? ? ? ? ?ncreasesDecreasesenter a Specific Accountenter a dollar amount8.Debitselect a Basic Type? ? ? ? ? ? ? ? ? ? ? ? ??? ? ? ? ? ? ? ? ? ? ?ssetContra LiabilityOwner’s EquityExpenseDrawingsContra AssetsRevenueLiabilityselect an effect? ? ? ? ? ? ? ? ? ? ? ? ??? ? ? ? ? ? ? ? ? ? ?ncreasesDecreasesenter a Specific Accountenter a dollar amountCreditselect a Basic Type? ? ? ? ? ? ? ? ? ? ? ? ??? ? ? ? ? ? ? ? ? ? ?ontra LiabilityRevenueExpenseContra AssetsLiabilityAssetDrawingsOwner’s Equityselect an effect? ? ? ? ? ? ? ? ? ? ? ? ??? ? ? ? ? ? ? ? ? ? ?ncreasesDecreasesenter a Specific Accountenter a dollar amountPrepare the adjusting journal entries.?Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select “No Entry” for the account titles and enter 0 for the amounts.)No.DateAccount Titles and ExplanationDebitCredit1.Dec. 31enter an account title for the adjusting journal entry on December 31enter a debit amountenter a credit amountenter an account title for the adjusting journal entry on December 31enter a debit amountenter a credit amount2.Dec. 31enter an account title for the adjusting journal entry on December 31enter a debit amountenter a credit amountenter an account title for the adjusting journal entry on December 31enter a debit amountenter a credit amount3.Dec. 31enter an account title for the adjusting journal entry on December 31enter a debit amountenter a credit amountenter an account title for the adjusting journal entry on December 31enter a debit amountenter a credit amount4.Dec. 31enter an account title for the adjusting journal entry on December 31enter a debit amountenter a credit amountenter an account title for the adjusting journal entry on December 31enter a debit amountenter a credit amount5.Dec. 31enter an account title for the adjusting journal entry on December 31enter a debit amountenter a credit amountenter an account title for the adjusting journal entry on December 31enter a debit amountenter a credit amount6.Dec. 31enter an account title for the adjusting journal entry on December 31enter a debit amountenter a credit amountenter an account title for the adjusting journal entry on December 31enter a debit amountenter a credit amount7.Dec. 31enter an account title for the adjusting journal entry on December 31enter a debit amountenter a credit amountenter an account title for the adjusting journal entry on December 31enter a debit amountenter a credit amount8.Dec. 31enter an account title for the adjusting journal entry on December 31enter a debit amountenter a credit amountenter an account title for the adjusting journal entry on December 31enter a debit amountenter a credit amountAccountingBusinessFinancial AccountingACCOUNTING 111
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