Garvey Company's unadjusted trial balance includes the following account balances as of December 31, 2018: Credits Debits $ 69,910 120,500 1,440 143,500 9,050 52,100 287,600 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 Repair and Maintenance Expense Rent Expense Depreciation Expense Insurance Expense Salaries and Wages Expense Totals $ 66,700 107,600 22,300 9,900 90,200 223,800 148,400 41,900 22,600 27,450 18,500 3,350 $ 733,400 $ 733,400 The following data are available to determine adjusting entries: A) Insurance purchased at the beginning of July for $9,050 provided coverage for twelve months (July 2018 through June 2019). The insurance coverage for July through December totaling $4,525 has now been used. B) The company estimates $8,500 in depreciation each year. C) A count showed $89,200 of supplies on hand at the end of the year. D) An additional $330 of interest has been earned but has not yet been uncollected on the outstanding notes receivable. E) Services in the amount of $5,950 were performed for customers who had previously paid in advance. F) Services in the amount of $2,700 were performed these services have not yet been billed or recorded. Required: a. Prepare the adjusting entries that are required at the end of the period. b. Prepare an adjusted trial balance by completing the related columns in the table below. Complete this question by entering your answers in the tabs below. 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 Transaction General Journal Debit Credit A Garvey Company's unadjusted trial balance includes the following account balances as of December 31, 2018: Credits Debits $ 69,910 120,500 1,440 143,500 9,050 52,100 287,600 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 Repair and Maintenance Expense Rent Expense Depreciation Expense Insurance Expense Salaries and Wages Expense Totals $ 66,700 107,600 22,300 9,900 90,200 223,800 148,400 41,900 22,600 27,450 18,500 3,350 $ 733,400 $ 733,400 The following data are available to determine adjusting entries: A) Insurance purchased at the beginning of July for $9,050 provided coverage for twelve months (July 2018 through June 2019). The insurance coverage for July through December totaling $4,525 has now been used. B) The company estimates $8,500 in depreciation each year. C) A count showed $89,200 of supplies on hand at the end of the year. D) An additional $330 of interest has been earned but has not yet been uncollected on the outstanding notes receivable. E) Services in the amount of $5,950 were performed for customers who had previously paid in advance. F) Services in the amount of $2,700 were performed these services have not yet been billed or recorded. Required: a. Prepare the adjusting entries that are required at the end of the period. b. Prepare an adjusted trial balance by completing the related columns in the table below. Complete this question by entering your answers in the tabs below. 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 Transaction General Journal Debit Credit A