At July 31, the trial balance shows the following balances for selected accounts: Prepaid insurance $4,500 Supplies $ 1.500 Equipment 3 36,000 Notes payable $ 20,000 Unearned service revenue $ 4,500 Here is some information about the adjusting entries that have to be done on July 31st. 1. The insurance policy is effective on July 1st. 2. The Supplies account shows a balance of $1,500 but a physical count shows only $300 of supplies remaining 3. The new equipment is estimated to have a 10-year useful life. 4. The note payable is dated July 1st, it is a six-month, 6% note. Interest is payable on the first of each month. . 5. The nine customers who have paid in advance received dry cleaning services for the month