5) Interest of $550 has accrued on a note payable. What is the necessary adjusting entry to record this interest? Credit Debit If this adjustment is not made, the following are overstated, understated, or not impacted: Assets: Liabilities: Revenue: Expense: Stockholders' Equity 6) Miller Inc. has $700 of supplies on hand, but their Supplies account shows a balance of $3,500. What is the necessary adjusting entry? Credit Debit If this adjustment is not made, the following are overstated, understated, or not impacted: Assets: Revenue: Expense: Liabilities: Stockholders' Equity 7) The depreciation on Beardown Co.'s office equipment is $475 per month. What is the necessary adjusting entry to record monthly depreciation? Debit Credit If this adjustment is not made, the following are overstated, understated, or not impacted: Revenue: Expense: Assets: Liabilities: Stockholders' Equity