Journalize the following adjustments.

Feb. 1 Issued 6,000 shares of Kingbird Cleaning Services common stock for $15,600. Each share has a $1.50 par. 1 Borrowed $9,600 on a 2 -year, 6% note payable. 1 Paid $10,820 to purchase used floor and window cleaning equipment from a company going out of business ( $5,780 was for the floor equipment and $5,040 for the window equipment). 1 Paid $236 for February Internet and phone services. 3 Purchased cleaning supplies for $1,180 on account. 4 Hired 4 employees. Each will be paid $580 per 5-day work week (Monday-Friday). Employees will begin working Monday, February 9. 5 Obtained insurance coverage for $8,700 per year. Coverage runs from February 1, 2025, through January 31, 2026. Karen paid $2,175 cash for the first quarter of coverage. 5 Discussions with the insurance agent indicated that providing outside window cleaning services would cost too much to insure. Karen sold the window cleaning equipment for $4,740 cash. 16 Billed customers $4,680 for cleaning services performed through February 13, 2025. 17 Received $648 from a customer for 4 weeks of cleaning services to begin February 21, 2025. (By paying in advance, this customer received 10% off the normal weekly fee of $180.) 18 Paid $360 on amount owed on cleaning supplies. 20 Paid $3 per share to buy 360 shares of Kingbird Cleaning Services common stock from a shareholder who disagreed with management goals. The shares will be held as treasury shares. 23 Billed customers $5,160 for cleaning services performed through February 20. 24 Paid cash for employees' wages for 2 weeks (February 9-13 and 16-20). 25 Collected $3,000 cash from customers billed on February 16. 27 Paid $236 for Internet and phone services for March. 28 Declared and paid a cash dividend of $0.20 per share. 1. Services performed for customers through February 27, 2025, but unbilled and uncollected were $4,500. 2. Received notice that a customer who was billed $240 for services performed February 10 has filed for bankruptcy. Kingbird Cleaning Services does not expect to collect any portion of this outstanding receivable. 3. Kingbird Cleaning Services uses the allowance method to estimate bad debts. Kingbird Cleaning Services estimates that 3% of its month-end receivables will not be collected. 4. Record 1 month of depreciation for the floor equipment. Use the straight-line method, an estimated life of 4 years, and $500 salvage value. 5. Record 1 month of insurance expense. 6. An inventory count shows $480 of supplies on hand at February 28. 7. One week of services were performed for the customer who paid in advance on February 17. 8. Accrue for wages owed through February 28, 2025. 9. Accrue for interest expense for 1 month. 10. Karen estimates a 20% income tax rate. (Hint: Prepare an income statement up to "income before taxes" to help with the income tax calculation.) No. Account Titles and Explanation 1. Accounts Receivable Unearned Service Revenue 2. Bad Debt Expense Accounts Receivable 3. Bad Debt Expense Allowance for Doubtful Accounts 4. Depreciation Expense Accumulated Depreciation-Equipment 5. Insurance Expense Prepaid Insurance 6. Supplies Expense Supplies 7. Unearned Service Revenue Service Revenue Debit Credit 4500 4500 240 240 \begin{tabular}{|l|r|} \hline & 135 \\ \hline \end{tabular} \begin{tabular}{|l|} \hline \\ \hline 135 \\ \hline \end{tabular} 125 \begin{tabular}{|l|} \hline \\ \hline 125 \\ \hline \end{tabular} 200 \begin{tabular}{|l|} \hline \\ \hline 200 \\ \hline \end{tabular} \begin{tabular}{|r|r} \hline 120 \\ \hline \end{tabular} \begin{tabular}{|l|} \hline \\ \hline 120 \\ \hline \end{tabular} 1200 \begin{tabular}{|c|c|} \hline & 135 \\ \hline \multirow[t]{2}{*}{125} & \\ \hline & 125 \\ \hline \multirow[t]{2}{*}{200} & \\ \hline & 200 \\ \hline \multirow[t]{2}{*}{120} & \\ \hline & 120 \\ \hline 1200 & \\ \hline & 1200 \\ \hline \end{tabular} 8. Salaries and Wages Expense 1800 Salaries and Wages Payable 1800 9. Interest Expense 50 Interest Payable \begin{tabular}{|r|r|} \hline \\ \hline \end{tabular} 10. Income Tax Expense \begin{tabular}{rr} \hline \\ \hline \end{tabular} Income Taxes Payable