Unadjusted Trial Balance Debit Credit Account Title 120,000 Fixed assets Accumulated depreciation Prepaid rent Unearned revenue 24,000 18,000 3,500 1. Prepare adjusting journal entries, as needed,...

Extracted text: Unadjusted Trial Balance Debit Credit Account Title 120,000 Fixed assets Accumulated depreciation Prepaid rent Unearned revenue 24,000 18,000 3,500 1. Prepare adjusting journal entries, as needed, considering the account balances excerpted from the unadjusted trial balance and the adjustment data. 1. depreciation on fixed assets, $8,500 2. unexpired prepaid rent, $12,500 3. remaining balance of unearned revenue, $555 You will need to complete three Journal Entries with a credit and debit.