1 Trapper Company's unadjusted and adjusted trial balances on December 31 of the current year are as follows: 10 points Unadjusted Trial Balance 4.000 1,500 9.000 Adjusted Trial Balance 4,000 1,200 9.000 800 Prepaid insurance Equipment Accumulated depreciation- Equipment Salaries payable Uneamed repair fees Repair fees camed Salaries expense Depreciation expense Equip Insurance expense Black, Capital 2,500 10,000 3,500 1.800 1.000 600 11.900 4,500 1.000 1,000 5.400 20.700 20.700 700 5.400 18.700 18.700 Present the four adjusting journal entries that were recorded by Trapper Company. 2. Record the December 31 adjusting entries for the following transactions and events in general journal form. Assume that December 31 is the end of the annual accountin period. 15 points a. The Prepaid Insurance account shows a debit balance of $2,340, representing the cost of a two-year fire insurance policy that was purchased on October 1 of the current year and has not been adjusted to-date. b. The Store Supplies account has a debit balance of $400; a year-end inventory cc reveals $80 of supplies still on hand. c. On November 1 of the current year, Rent Earned was credited for $1,500. This amount represented the rent earned for a three-month period beginning Novembe d. Estimated depreciation on store equipment is $600. e. Accrued salaries amount to $1,400