Exercise 4-5 The adjustments columns of the worksheet for Misra Company are shown below. Account Titles Accounts Receivable Prepaid Insurance Accumulated Depreciation --Equipment Salaries and Wages Payable Service Revenue Salaries and Wages Expense Insurance Expense Depreciation Expense Adjustments Debit Credit 1,030 388 883 485 1,030 485 388 883 2,786 2,786 Prepare adjusting entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit (To record service revenue on account.) (To record expired insurance.) (To record depreciation.) (To record accrued salaries.) Indicate with an "X" the financial statement column to which each balance should be extended. Balance Sheet Income Statement Debit Credit Debit Credit Account Titles Accounts Receivable Prepaid Insurance Accumulated Depreciation-Equipment Salaries and Wages Payable Service Revenue Salaries and Wages Expense Insurance Expense Depreciation Expense