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 515.660 Supplies 10930 Office equipment 14.976 Unearned rent revenue 10.650 Salaries expense 12.100 Rent revenue 24.000 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 51.750 were on hand January 31 cOffice 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 51775 per month e. Accrued salaries not recorded as of January 31 are $1,390 alls reared Round your answer to the nearest dollar, as needed. General Journal Date Description a. Jan. 31 $ Debit Credit . 01$ oo O To record January Insurance expense. . 0 b. Jan.31 0 0 0 4 To record January supplies expense. . O Jan.31 0 0 To record January depreciation on office equipment. 0 0 d. Jan.31 0 0 To record portion of advance rent earned in January 11 0 0 e. Jan.31 0 0 To record accrued salaries at January 31