1. Depreciation on equipment is $800 for the accounting period. 2. There was no beginning balance of supplies and purchased $600 of office supplies during the period. At the end of the period $120 of sup 3. Prepaid rent had a $1,000 normal balance prior to adjustment. By year end $300 was unexpired. Prepare adjusting entries for the above transactions. No. Account Titles and Explanation Debit Credit Brief Exercise 259 1. Depreciation on equipment is $800 for the accounting period. 2. There was no beginning balance of supplies and purchased $600 of office supplies during the period. At the end of the period $120 of supplies were on hand. 3. Prepaid rent had a $1,000 normal balance prior to adjustment. By year end 300 was unexpired. Prepare adjusting entries for the above transactions. No. Account Titles and Explanation Debit Credit