Cullumber Services Company records adjusting entries on an annual basis. The following information is available to be used in recording adjusting entries for the year ended December 31, 2021. 1. 2. 3. 4. Prepaid insurance totalling $315 has expired. Supplies of $315 have been used. Annual depreciation on equipment is $1,165. Services related to unearned revenue of $215 were performed. Salaries of $765 are unpaid. Utility expenses for 2021 of $215 are unrecorded and unpaid. Services provided but not collected in cash or recorded total $965. Interest of $140 on a note payable has accrued. 5. 6. 7. 8. For each adjustment, prepare a basic analysis, a debit-credit analysis. Use the following format, in which the first one has been done: No. 1. Specific Account Debit Credit Debit Basic Type Expense Asset Expense Increase/Decrease Increases Decreases Increases Insurance Expensi Prepaid Insuranc 2. Supplies Expense Credit Asset Decreases Supplies 3. Debit Expense Increases Depreciation Expense Credit Contra Assets Increases Accumulated Depreciation - Equipment 4. Debit Liability Decreases Unearned Revenue Credit Revenue Increases Service Revenue 5. Debit Expense Increases Salaries Expense Credit Liability Increases Salaries Payable 6. Debit Expense Increases Utilities Expense Credit Liability Increases Accounts Payable 7. Debit Asset Increases Accounts Receivable Credit Revenue Increases Service Revenue 8. Debit Expense Increases Interest Expense Credit Liability Increases Interest Payable Amount $315 315 315 315 i 1165 1165 215 215 765 765 215 215 965 965 140 140 Prepare the adjusting journal entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit No. Date 1. Dec. 31 2. Dec. 31 3. Dec. 31 4. Dec. 31 5. Dec. 31 6. Dec. 31 7. Dec. 31 8. Dec. 31