The trial balances shown below are before and after adjustment for Hoi Comfrom analysis of trial pany at the end of its fiscal year.

balance.

(SO 4, 5, 6) HOI COMPANY Trial Balance August 31, 2007 Before After Adjustment Adjustment _ Dr Cr. , Dem Cr.

Cash $10,900 $10,900 Accounts Receivable 8,800 9,400 Office Supplies 2,500 700 Prepaid Insurance 4,000 2,500 Office Equipment 16,000 16,000 Accumulated Depreciation—Office Equipment $ 3,600 $ 4,800 Accounts Payable 5,800 5,800 Salaries Payable 0 1,100 Unearned Rent Revenue 1,800 600 Common Stock 10,000 10,000 Retained Earnings 5,600 5,600 Dividends 2,800 2,800 Service Revenue 34,000 34,600 Rent Revenue 13,200 14,400 Salaries Expense 17,000 18,100 Office Supplies Expense 0 1,800 Rent Expense 12,000 12,000 Insurance Expense 0 1,500 Depreciation Expense 0 1,200

$74,000 $74,000 $76,900 $76,900 Instructions Prepare the adjusting entries that were made.