Garvey Company's unadjusted trial balance includes the following account balances as of December 31 2015: Credits Debits 71,640 127,100 1,660 151,200 9,600 55,400 303,000 Cash Accounts receivable Interest receivable Supplies Prepaid insurance Notes Receivable (short-term) Equipment Accumulated Depreciation-Equipment Accounts payable Salaries and Wages Payable Unearned 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 $ 70,300 113,100 23,400 11,000 94,600 235,900 156,100 44,100 23,700 29,100 19,600 3,900 Totals $772,200 $772,200 The following data are available to determine adjusting entries: A) Insurance purchased at the beginning of July for $9,600 provided coverage for twelve months (July 2015 through June 2016). The insurance coverage for July through December totaling $4,800 has now been used B) The company estimates $9,050 in depreciation each year C) Account showed $94,700 of supplies on hand at the end of the year D) An additional $440 of interest has been earned but has not yet been uncollected on the outstanding notes receivable E) Services in the amount of $6,500 were performed for customers who had previously paid in advance F) Services in the amount of $3,800 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. (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 4 6 Record the entry for insurance expense expired during the period Note: Enter debits before credits Transaction General Journal Debit Credit A. Record entry Clear entry View general journal b. Prepare an adjusted trial balance by completing the related columns in the table below Garvey Company Adjusted Trial Balance December 31, 2015 Debit Credit Cash Accounts receivable Interest receivable Supplies Prepaid insurance Notes receivable (short-term) Equipment Accumulated DepreciationEquipment Accounts payable Salaries and Wages Payable Unearned 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