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Sage Hill Advertising Agency Inc. was founded in January 2020. Presented below are adjusted and unadjusted trial balances as at December 31, 2023. Cash Accounts receivable Supplies Prepaid insurance Equipment Accumulated depreciation-equipment Accounts payable Interest payable Notes payable Unearned revenue Salaries and wages payable Common shares Retained earnings Service revenue Salaries and wages expense Insurance expense Sage Hill Advertising Agency Inc. Trial Balance December 31, 2023 Interest expense Unadjusted Dr. $9,020 16,400 6,890 2,750 49,200 8,200 290 As Cr. $22,960 4,100 0 2,500 5,740 0 8,200 4,480 48,050 Dr. Adjusted $9,020 19,270 2,460 2,050 49,200 9,270 700 440 Cr. $27,060 4,100 150 2,500 4,590 1,070 8,200 4,480 52,070

Sage Hill Advertising Agency Inc. was founded in January 2020. Presented below are adjusted and unadjusted triai balances as at December 31.2023 . Jourmalize the annual adfusting entries that were made. (List all debit entries before credit entries. Credit account titles are outomatically indented when the amount is entered. Do not indent manually, If no entry is required, select "No Entry" for the account tities and enter 0 for the amounts.) (Ta acole reperve elined) Deris (fo iecord revenue meviously collecteof) bee it (To, record supples utred) Dec. II (To icooxd deprecioinh expense) Dex if (To acerie interest imperne) [ec J1 (To ficord expered insuake) Dec. 31 (To iecuid salah" acoued oning to employees) Sage Hill Advertising Agency Inc. was founded in January 2020. Presented below are adjusted and unadjusted triai balances as at December 31.2023 . Jourmalize the annual adfusting entries that were made. (List all debit entries before credit entries. Credit account titles are outomatically indented when the amount is entered. Do not indent manually, If no entry is required, select "No Entry" for the account tities and enter 0 for the amounts.) (Ta acole reperve elined) Deris (fo iecord revenue meviously collecteof) bee it (To, record supples utred) Dec. II (To icooxd deprecioinh expense) Dex if (To acerie interest imperne) [ec J1 (To ficord expered insuake) Dec. 31 (To iecuid salah" acoued oning to employees)

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