Date Accounts and Explanation lk Debit Credit (a) Dec. 31Supplies Expense 1,700 Office Supplies To record office supplies used 1,700 (b) Dec. 31Insurance Expense 580 Prepaid Insurance To record insurance expense. 580 (c) Dec. 31 Depreciation Expense Equipment 500 Accumulated Depreciation Equipment To record depreciation on equipment. 500 (d) Dec. 31 Salaries Expense 310 Salaries Payable To accrue salaries expense. 310 (e) Dec. 31 Unearned Revenue 400 Service Revenue 400 Tto record service revenue that was collected in advance. Cash Accounts Payable Service Revenue Dec. 31 8002400 Dec. 31 25,000 Dec. 31 Office Supplies Salaries Payable Salaries Expense Dec. 312,000 Dec. 31 7,000 Prepaid Insurance Unearned Revenue Supplies Expense Dec. 31 600 700 Dec. 31 Equipment Common Stock Depr. Expense-Equipment Dec. 31 30,000 15,300 Dec. 31 Accum. Depr.-Equipment Dividends Insurance Expense 2,000 Dec. 31 Dec. 31 5,000 Date Accounts and Explanation lk Debit Credit (a) Dec. 31Supplies Expense 1,700 Office Supplies To record office supplies used 1,700 (b) Dec. 31Insurance Expense 580 Prepaid Insurance To record insurance expense. 580 (c) Dec. 31 Depreciation Expense Equipment 500 Accumulated Depreciation Equipment To record depreciation on equipment. 500 (d) Dec. 31 Salaries Expense 310 Salaries Payable To accrue salaries expense. 310 (e) Dec. 31 Unearned Revenue 400 Service Revenue 400 Tto record service revenue that was collected in advance. Cash Accounts Payable Service Revenue Dec. 31 8002400 Dec. 31 25,000 Dec. 31 Office Supplies Salaries Payable Salaries Expense Dec. 312,000 Dec. 31 7,000 Prepaid Insurance Unearned Revenue Supplies Expense Dec. 31 600 700 Dec. 31 Equipment Common Stock Depr. Expense-Equipment Dec. 31 30,000 15,300 Dec. 31 Accum. Depr.-Equipment Dividends Insurance Expense 2,000 Dec. 31 Dec. 31 5,000