3. Kidman Company prepares monthly financial statements. Below are listed some selected accounts and their balances in the September 30 trial balance before any adjustments have been made for the month of September. (10 MIN / 10 Points) KIDMAN COMPANY Trial Balance (Selected Accounts) September 30, 2020 Debit Credit Supplies $3,200 Prepaid Insurance. 3,600 Equipment.... 16,200 Accumulated Depreciation-Equipment $1,000 Unearned Sales Revenue. 1,200 (Note: Debit column does not equal credit column because this is a partial listing of selected account balonces) An analysis of the account balances by the company's accountant provided the following additional information: 1. A physical count of supplies revealed $1,400 on hand on September 30. 2. A one-year life insurance policy was purchased on September 1 for $3,600. 3. Equipment depreciated $3,300 per year. 4. The amount of sales revenue received in advance that remains unearned at September 30 is $700. Instructions Using the above additional information, prepare the adjusting entries that should be made by Kidman Company on September 30. Adjusting Entries Entry Account Debit Credit Focus Unearned Sales Revenue 1,200 (Note: Debit column does not equal credit column because this is a partial listing of selected account balances) An analysis of the account balances by the company's accountant provided the following additional information: 1. A physical count of supplies revealed $1,400 on hand on September 30. 2. A one year life insurance policy was purchased on September 1 for $3,600. 3. Equipment depreciated $3,300 per year. 4. The amount of sales revenue received in advance that remains unearned at September 30 is $700. Instructions Using the above additional information, prepare the adjusting entries that should be made by Kidman Company on September 30. Adjusting Entries Entry# Account Debit Credit