A partial trial balance of Marigold Corporation is as follows on December 31, 2021. Dr. Cr. Supplies $2,900 Salaries and wages payable $1,500 Interest Receivable 5,100 Prepaid Insurance 95,700 Unearned Rent Interest Payable 15,400 Additional adjusting data: 1. A physical count of supplies on hand on December 31, 2021, totaled $1,200. 2. Through oversight, the Salaries and Wages Payable account was not changed during 2021. Accrued salaries and wages on December 31, 2021, amounted to $4,400. 3. The Interest Receivable account was also left unchanged during 2021. Accrued interest on investments amounts to $4,800 on December 31, 2021. in rio N 4. The unexpired portions of the insurance policies totaled $68,200 as of December 31, 2021. 5. $27,000 was received on January 1, 2021, for the rent of a building for both 2021 and 2022. The entire amount was credited to rent revenue. 7. Depreciation on equipment for the year was erroneously recorded as $4,800 rather than the correct figure of $48,000. A further review of depreciation calculations of prior years revealed that equipment depreciation of $7,800 was not recorded. It was decided that this oversight should be corrected by a prior period adjustment. Assuming that the books have not been closed, what are the adjusting entries necessary at December 31, 2021? (Ignore income tax considerations.) (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) No. Account Titles and Explanation Debit Credit Supplies Expense 1,700 Supplies 1,700 1. 2. Salaries and Wages Expense 2,900 Salaries and Wages Payable 2,900 3. Interest Revenue Interest Revenue Interest Receivable Interest Receivable 300 Insurance Expense 27,500 Prepaid Insurance 27,500 Rent Revenue 13,500 Unearned Rent Revenue 13,500 Depreciation Expense 43,200 Accumulated Depreciation-Equipment 43,200 7. Retained Earnings 7,800 Accumulated Depreciation-Equipment 7,800 Assuming that the books have been closed, what are the adjusting entries necessary at December 31, 2021? (Ignore income tax considerations.) (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) No. Account Titles and Explanation Debit Credit Retained Earnings 1700 Supplies 1700 Retained Earnings 2900 Salaries and Wages Payable 2900 3. Retained Earnings 300 Interest Receivable 300 Retained Earnings 27500 Prepaid Insurance 27500 5. Retained Earnings 13500 Unearned Rent Revenue 13500 Retained Earnings 43200 Accumulated Depreciation Equipment 43200 7. Retained Earnings 7800 Accumulated Depreciation Equipment 7800 Pass the necessary adjusting entries for the following taking into account income tax effects (40% tax rate) and assuming that the books have been closed. (Round answers to 0 decimal places, e.g. 5,275. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter Ofor the amounts.) 1. Depreciation on equipment for the year was erroneously recorded as $4,800 rather than the correct figure of $48,000. A further review of depreciation calculations of prior years revealed that equipment depreciation of $7,800 was not recorded. It was decided that this oversight should be corrected by a prior period adjustment. No. Account Titles and Explanation Debit Credit Retained Earnings Income Tax Receivable Accumulated Depreciation-Equipment Retained Earnings Income Tax Receivable Accumulated Depreciation Equipment