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Presented below is the December 31 trial balance of Skysong Boutique. Prepare adjusting journal entries for the following. (Credit account titles are outomaticilly indented when amount is entered. Do not indent manually, If no entry is required, select "No entry" for the account titles and enter o for the amounts.) 1. Bad debt expense is estimated to be 1,471. 2. Equipment is depreciated based on a 7 -year life (no residual value). 3. Insurance expired during the year 2,557. 4. Interest accrued on notes payable 3,492. 5. Salaries and wages earned but not paid 2,232. 6. Advertising paid in advance 722, charged to advertising expense when paid. 7. Office supplies on hand 1,510, charged to Office Expense when purchased. No. Account Titles and Explanation Debit Credit 1. 2. 3. 4. 5. MacBook Pro