Reisner Company prepared the following adjusting entries at year end on December 31, 2018: 
In an effort to minimize errors in recording transactions, Reisner Company utilizes reversing entries.
Instructions
Prepare reversing entries on January 1, 2019, for the adjusting entries given where appropriate.
Definitions:
Public Goods
Goods that are non-excludable and non-rivalrous, meaning they are available for everyone to consume without reducing the amount available for others.
Marginal Social Benefit
The additional benefit to society from the consumption of an additional unit of a good or service.
Public Goods
Goods that are non-excludable and non-rivalrous, meaning that no one can be excluded from their use and one person's use does not reduce availability to others.
Private Benefit
The direct advantage or gain obtained by an individual or firm from their economic activities, without considering the impacts on third parties.
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