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Listed below are some selected accounts and balances of Scotsman Company in the September 30 trial balance before any adjustments have been made for the

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Listed below are some selected accounts and balances of Scotsman Company in the September 30 trial balance before any adjustments have been made for the month of September. SCOTSMAN COMPANY Trial Balance (Selected Accounts) September 30, 2019 Credit Supplies Prepaid Insurance Equipment.. Accumulated Depreciation Equipment. Unearned Rent Revenue Debit $ 2,700 4,200 16,200 $1,000 1,200 An analysis of the account balances by the company's accountant provided the following additional information: 1. A physical count of supplies revealed $1,000 on hand on September 30. 2. A two-year life insurance policy was purchased on June 1 for $4,800. 3. Equipment depreciated $6,000 per year. 4. The amount of rent received in advance that remains unearned at September 30 is $500. Required: Using the above additional information, prepare the adjusting entries (without explanations) for September that should be made by Scotsman Company at month end. (8 marks)

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