EXERCISES 1. Pioneer Advertising Agency's October 31 trial balance appears as follows: Debit Credit Cash $15,200 Supplies 2,500 Prepaid Insurance 600 Equipment 5,000 Notes Payable $ 5,000 Accounts Payable 2,500 Unearned Service Revenue 1,200 Common Stock 10,000 Retained Earnings 0 Dividends Declared 500 Service Revenue 10.000 Salaries Expense 4.000 Rent Expense 900 $28.700 628.700 The following adjusting data is available on October 31: 1. Supplies on hand on October 31 total $500. 2. Expired insurance for the month is $100. 3. Depreciation on the equipment is $50 for October. 4. Unearned revenue earned in October totals $600. 5. Services performed but not yet recorded as of October 31 are $300. 6. Interest accrued on the note payable is $95. 7. Accrued salaries at October 31 are $1,625. Instructions: Prepare the adjusting entries required on October 31