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Question 1: (12 marks) The unadjusted trial balance for Lamb Company at December 31, 2025...

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Question 1: (12 marks) The unadjusted trial balance for Lamb Company at December 31, 2025 is as follows: The following information was prepared by Lamb Company's controller to help prepare the December 31, 2025 adjusting entries: 1. The company has earned revenue totaling $6,000 that has not been invoiced. 2. The expired portion of prepaid rent is $750. 3. The earned portion of the Unearned revenue at December 31,2025 is $2,750 4. Depreciation expense for the Equipment has been calculated as $12,000. 5. Employees have earned but have not been paid salaries of $6,800. Required: a) Prepare the adjusting entries that Lamb Company should record at the year ended December 31, 2025. b) Prepare the appropriate reversing entries relating to the adjustments made in (a) above

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