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 Prepaid insurance Debit Credit $7,260 Supplies 2530 Office equipment 6528 Unearned rent revenue 5,610 Salaries expense 3,700 Bent revenue 15.600 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 $910 were on hand January 31. c. Office equipment is expected to last eight years. Depreciation is recorded monthly. d. On January 1, the firm collected six months' rent in advance from a tenant renting space for $935 per month e. Accrued salaries not recorded as of January 31 are $550 Round your answer to the nearest dollar, as needed. Debit Credit 0 5 Date General Journal Description Prepaid Insurance a. Jan 31 insurance Expense To record january Insurance expense. b. Jan 31 Supplies Expense Supplies To record january supplies expense. Jan.31 Depreciation Expense-Office Equipment Accumulated Depreciation-Office Equipment To record January depreciation on office equipment. d. Jan 31 Unearned Rent Revenue Rent Revenue To record portion of advance rent earned in January e. Jan.31 Salaries Expense Salaries Payable To record accrued salaries at January 31 o = o 0 0