1. Prepare adjusting entries for the following transactions. Omit explanations. Depreciation on equipment is $1,340 for the accounting period. 1. 2. Interest owed on a loan but not paid or recorded is $275. 3. 4. There was no beginning balance of supplies and $550 of office supplies were purchased during the period. At the end of the period $100 of supplies were on hand. Prepaid rent had a $1,000 normal balance prior to adjustment. By year-end $700 had expired. 5. Accrued salaries at the end of the period amounted to $900. 1. 2. 5. 2. Prepare adjusting entries for the following transactions. Omit explanations. 3. 4. Unrecorded interest accrued on savings bonds is $410. Property taxes incurred but not paid or recorded amount to $800. Unearned service revenue of $4,000 was collected in advance. By year-end $700 was still unearned. Prepaid insurance had a $750 debit balance prior to adjustment. By year-end, 60 percent was still unexpired. Salaries incurred by year-end but not yet paid or recorded amounted to $650.