Hong Kong Motor Company (HKMC) issues monthly financial statements. REQUIREMENT: Record the adjusting entries HKMC needs to make at the end of October 2014 At the end of September 2014 HKMC's balance sheet showed an Unearmed Revenues balance of $18,250. During the month of October 2014, HKMC collected $242,000 from customers, all recorded as a CR to Unearned Revenues. At the end of October, HKMC calculates that it still owes its customers $58,000 in Unearned Revenues. HKMC pays its employees a total weekly salary of $24,000 on each Friday for work HKMC pays its employees a total weekly salary of $24,000 on each Friday for work up to Wednesday because the accountant needs two days to make calculations and issue the checks (5 working days per week). This year, October 31 is on a Friday. On this day, the accountant for HKMC issued the payroll checks and debited salary expense $24,000 and credited cash $24,000. The unadjusted balance of HKMC's Supplies account is $6,290. A count of total supplies on hand is $1,800 on 31 October, 2014