A Company Unadjusted Trial Balance December 31, 2020 Cash $ 27,300 Accounts receivable 4,500 Supplies 900 Prepaid Rent 7.800 Equipment 73.500 Accumulated depreciation equipment 519.400 Accounts payable 5.700 Unearned revenue 3.800 Note payable 20,000 Common stock 35.000 Retained earnings, 1/1/20 6,400 Service revenue 32.600 Salary expense 8.400 Telephone expense 300 Utilities expense 200 Total 5122900 5122 900 Prepare the adjusting entry for the following (Answers without supporting Calculations will receive points) Depreciation on equipment is calculated using the straight line method. The equipment to salvage value of $5,000 and a useful life of 10 years Debit Credit