Garvey Companys unadjusted trial balance includes the following account balances as of December 31, 2022:

	Debits	Credits
Cash	$ 69,030
Accounts Receivable	116,900
Interest Receivable	1,320
Supplies	139,300
Prepaid Insurance	8,750
Notes Receivable (short-term)	50,300
Equipment	279,200
Accumulated Depreciation		$ 64,800
Accounts Payable		104,600
Salaries and Wages Payable		21,700
Deferred Revenue		9,300
Notes Payable (long-term)		87,800
Common Stock		217,200
Retained Earnings		144,200
Service Revenue		40,700
Interest Revenue		22,000
Supplies Expense
Repairs and Maintenance Expense	26,550
Rent Expense	17,900
Depreciation Expense
Insurance Expense
Salaries and Wages Expense	3,050
Totals	$ 712,300	$ 712,300

The following data are available to determine adjusting entries:

1. A) Insurance purchased at the beginning of July for $8,750 provided coverage for twelve months (July 2022 through June 2023). The insurance coverage for July through December totaling $4,375 has now been used.
2. B) The company estimates $8,200 in depreciation each year.
3. C) A count showed $86,200 of supplies on hand at the end of the year.
4. D) An additional $270 of interest has been earned but has not yet been uncollected on the outstanding notes receivable.
5. E) Services in the amount of $5,650 were performed for customers who had previously paid in advance.
6. F) Services in the amount of $2,100 were performed; these services have not yet been billed or recorded.

Required:

1. Prepare the adjusting entries that are required at the end of the period.
2. Prepare an adjusted trial balance by completing the related columns in the table below.

TRANSACTION LIST FOR PART A:

• 1. Record the adjusting entry for insurance expense expired during the period.

• 2. Record the adjusting entry for depreciation expense for the period.

• 3. Record the adjusting entry for supplies used during the period.

• 4. Record the adjusting entry for interest earned and receivable on the outstanding notes receivable for the period.

• 5. Record the adjusting entry for services performed, for which customers had previously paid in advance.

• 6. Record the adjusting entry for services performed, which are not yet billed or recorded.

PART 2:

Required A Required B Prepare the adjusting entries that are required at the end of the period. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 4 5 6 > Record the adjusting entry for insurance expense expired during the period. Note: Enter debits before credits. General Journal Debit Credit Transaction A. Prepare an adjusted trial balance by completing the related columns in the table below. Credit Garvey Company Adjusted Trial Balance December 31, 2022 Debit Cash Accounts Receivable Interest Receivable Supplies Prepaid Insurance Notes Receivable (short-term) Equipment Accumulated Depreciation Accounts Payable Salaries and Wages Payable Deferred Revenue Notes Payable (long-term) Common Stock Retained Earnings Service Revenue Interest Revenue Supplies Expense Repairs and Maintenance Expense Accounts Receivable Interest Receivable Supplies Prepaid Insurance Notes Receivable (short-term) Equipment Accumulated Depreciation Accounts Payable Salaries and Wages Payable Deferred Revenue Notes Payable (long-term) Common Stock Retained Earnings Service Revenue Interest Revenue Supplies Expense Repairs and Maintenance Expense Rent Expense Depreciation Expense Insurance Expense Salaries and Wages Expense Totals