10.500 Principles of Accounting 1 Assignment 3 Exercise 1: (Chapter 3) Aleph Services has the following unadjusted balances at 2018 year-end. The company closes and adjusts its books on a yearly basis. Cash $12.900 Prepaid insurance 2.000 Office supplies Office equipment Accumulated depreciation office equipment 3,500 Accounts payable 2.900 Salaries payable Unearned service revenue 4.500 Capital Stock 11.750 Dividends 5,600 Service revenue 13,350 Salary expense 3,700 Depreciation expense Supplies expense Insurance expense The following information is available to use in making adjusting entries. a. Office supplies on hand at year-end: $250 b. Prepaid insurance expired during the year: $300 c. Unearned service revenue that was earned during the month amount to $1,300 d. Depreciation expense for the year: $1800 e. Accrued salaries earned by employees but not yet paid amount to $750 Instructions: Prepare the required adjusting entries at the end of 2018