Exercise 3-17 (Video) The trial balances before and after adjustment for Monty Corp. at the end of its fiscal year are presented below. Monty Corp. Trial Balance August 31, 2020 Before Adjustment After Adjustment Dr. Cr. Dr. Cr. $10,300 9,000 2,400 3,900 13,100 $10,300 9,700 700 2,700 13,100 $ 3,600 5,900 $ 4,300 5,900 1,000 800 Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries and Wages Payable Unearned Rent Revenue Common Stock Retained Earnings Service Revenue Rent Revenue Salaries and Wages Expense Supplies Expense Rent Expense Insurance Expense Depreciation Expense 0 1,500 11,400 3,600 34,100 10,900 11,400 3,600 34,800 11,600 17,200 0 15,100 0 18,200 1,700 15,100 1,200 700 0 $ 71,000 $7,00 $ 71,000 $73,400 $73,400 $ 73,400 Prepare the adjusting entries that were made. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Aug. 31 (To record accrued revenue) Aug. 31 (To record supplies used) Aug. 31 (To record expired insurance) Aug. 31 (To record depreciation) Aug. 31 (To record accrued salaries) Aug. 31 (To record rent earned)