P3-33A Galant Theater Production Company unadjusted and adjusted trial balances at December 31, 2012, follow:

Galant Theater Production Company unadjusted and adjusted trial balances at December 31, 2012, follow.

GALANT THEATER PRODUCTION COMPANY
Adjusted Trial Balance
31-Dec-12

Account Debit Credit Debit Credit
Cash $3,900 $3,900 
Accounts receivable 6,100 6,900 
Supplies 1,700 300 
Prepaid insurance 2,700 2,100 
Equipment 25,000 25,000 
Accumulated depreciation $8,800 $13,200
Accounts payable 4,000 4,000
Salary payable 300
Galant, capital 20,300 20,300
Galant, drawing 30,500 30,500 
Service revenue 71,000 71,800
Depreciation expense 4,400 
Supplies expense 1,400 
Utilities expense 4,700 4,700 
Salary expense 29,500 29,800 
Insurance expense 600 
Total $104,100 $104,100 $109,600 $109,600

Requirement

1. Journalize the adjusting entries that account for the differences between the two
trial balances.