4. Analyze the following information to determine/calculate adjustments:

a. Supplies were used during the month. An inventory taken on October 31 showed supplies of $680 on hand.

b. Rent expired for the month of October (see October 2'nd rent transaction).

c. Insurance expired insurance for the month (see October 9'th transaction).

d. The equipment brought into the business on October 1'st has a useful life of 15 years and no (zero) residual value. The first adjustment for depreciation for the new equipment will be recorded at end of October.

e. You and your partner estimated on October 31'st that $312 of the receivable balance will not be collected