DO IT! 3.2

1. Insurance Expense 400

Prepaid Insurance 400

(To record insurance expired)

2. Supplies Expense (CHF2,500 CHF1,600) 900

Supplies 900

(To record supplies used)

3. Depreciation Expense 480

Accumulated DepreciationEquipment 480

(To record monthly depreciation)

4. Unearned Service Revenue (CHF9,000 x 2/5) 3,600

Service Revenue 3,600

(To record revenue for services provided)