9 Problem 3-7A Adjusting entries (monthly) LO4 20 Do Wedona Energy Consultants prepares adjusting entries monthly Based on an analysis of the adjusted trial balance ot January 31, 2020, the following information was available for the preparation of the January 31, 2020, month and adjusting entries a Equipment purchased on November of this accounting period for $16,320 is estimated to have a useful tito of 2 years. After 2 years of use it is expected that the equipment will be scrapped due to technological obsolescence b. Of the $12,200 balance in Uncerned Consulting Revenue $9.500 had been earned c. The Prepeld Rent account showed a balance of $15.900 This was pad on January 1 of this accounting period and represents months of fent commencing on the same date d. Accrued wages at January 31 totalled $19.300 One month of interest had accrued at the rate of 3% per year on a $58.000 note payable Unrecorded and uncotected consulting revenues at month and were $6560 9. A $4.230 insurance policy was purchased on Aprit of the current accounting period and debited to the Prepaid insurance account Coverage began April 1 for 18 months h. The monthly depreciation on the office furniture was $665 I. Repair revenues accrued at month and totalled $4.200 The Store Supplies account had a balance of $880 at the beginning of January. During January, 51860 of supplies were purchased and debited to the Store Supplies account. At month and a count of the supplies revealed a balance of $730 Pre Assume Wedona Energy uses the straight line method to depreciate its assets Required Prepare adjusting journal entries for the month onded January 31, 2020, based on the above