1.) Prepare the adjusting entries on October 31, 2018

2.) Prepare the adjusted trial balance

Accounting 372 First class assignment The unadjusted trial balance for Sierra Corp. is shown below. SIERRA CORPORATION Unadjusted Trial Balance October 31, 2018 $30,125 3,425 2,525 4,925 Asse Cash Advertising Supplies Prepaid Insurance A53er Office Equipment Lioblit Notes Payable Lio Accounts Payable Unearned Service Revenue $4,925 3,425 2,125 13,925 Common Stock Retained Earnings S Dividends Rw Service Revenue tsa Salaries Expense 1,425 20,925 Rent Expense 2,000 900 Total $45,325$45,325 Assume the following adjustment data. A. Advertising supplies on hand at October 31 total $1,000 B. Expired insurance for the month is $500. C. Depreciation for the month is $700