Direction: From the following information, journalize the adjusting entries for Tria's Knittery on October 31, 2016.

Chart of Accounts:

Insurance Expesne

Interest Expense

Wages Expense

Prepaid Insurance

Accured Interest Pay

Accured Wages Payable

Supplies Expense

Cash Kintting Expense

1. On Oct 1, we purchased a four-month insurance policy for $480

2. We have one Notes Payable. It is a $6000, 120-day note that has a 6% interest rate. The note was signed on October 1st. (Use a 360-day year)