000005- Microsoft Works es New Roman B43 ACCRUED EXPENSES H I Prepare the adjasting entries that should be made for Picture Perfect for the month of Iluly 1 PREPAID EXPENSES SUPPLIES EXPENSE a beginning balance of 2,000 in supplies and ending balance of 1,000 751 Supplies Espen 2000 1 2 PREPAID EXPENSES INSURANCE Expired insrance for the month is $300 /31 16 7 3 PREPAID EXPENSES DEPRECIATION Depreciation expense for the month is $30 19 20 21 731 23 4 UNEARNED REVENUE 24 As of Iuly 31st, $650 of the previously recorded unearned revenue had been earned