All Hearing is owned by Annie Truderung and provides hearing aids and other auditory services. At the end of August 2016, the company had the following adjustments. Aug 31 Interest on the bank loan is set at 5%. One month of interest has accrued. Aug 31 The balance of prepaid rent is for the remaining 6 months of the lease. One month of rent has been used. The equipment was purchased two months prior at the beginning of the month and will have a useful life of 6 years, after which it will have no residual value. Depreciation is recorded every month. Record depreciation for August Aug 31 All Hearing completed $590 of work that was previously uneared. Aug 31 Office supplies used during the month totalled $370. Aug 31 All Hearing is owned by Annie Truderung and provides hearing aids and other auditory services. At the end of August 2016, the company had the following adjustments. Aug 31 Interest on the bank loan is set at 5%. One month of interest has accrued. Aug 31 The balance of prepaid rent is for the remaining 6 months of the lease. One month of rent has been used. The equipment was purchased two months prior at the beginning of the month and will have a useful life of 6 years, after which it will have no residual value. Depreciation is recorded every month. Record depreciation for August Aug 31 All Hearing completed $590 of work that was previously uneared. Aug 31 Office supplies used during the month totalled $370. Aug 31