Adjusting Entries Selected accounts of Ideal Properties Inc., a real estate management firm, are shown below as of January 31, before any adjusting entries have been made: Debit Credit Prepaid insurance 57.200 Supplies 2.100 Office equipment 7,680 Unearned rent revenue 5.400 Salaries expense 3.250 Rent revenue 16.000 Monthly financial statements are prepared. Using the following information, record in a general journal the adjusting entries necessary on January 31: a. Prepaid Insurance represents a three-year premium paid on January 1. b. Supplies of 5975 were on hand January 31. c. Office equipment is expected to last eight years. Depreciation is recorded monthly d. On January 1, the form collected six months' rent in advance from a tenant renting space for $925 per month e. Accrued salaries not recorded as of January 31 are 5625. Round your answer to the nearest dollar, as needed. General Journal Date Description Debit Credit $ 0 $ 0 To record January insurance expense b. Jan 31 . aan 31 . O . 0 0 0 0 To record january supplies expense Jan 31 0 D 0 To record january depreciation on office equipment d. Jan 31 O 0 0 0 To record portion of advance rent earned in january ..jan 31 2 To record accrued sales anuary 31 0 0