Magnitude Services had completed all of its journal entries for the month of May 2018 and posted them to the general ledger. Based on the ledger balances, an unadjusted trial balance has been prepared. Magnitude Services Unadjusted Trial Balance May 31, 2018 Account Titles Cash DR CR $33,560 Accounts Receivable $9,390 Prepaid Insurance $1,920 Equipment $13,530 Accounts Payable $24,910 Unearned Revenue $3,660 Notes Payable $2,490 Magnitude, Capital $21,922 Service Revenue $24,110 Interest Expense $82 Rent Expense $1,760 Salaries Expense $8,780 Telephone Expense $200 Travel Expense $7,870 $77,092 $77,092 Total The following adjustments must be made at the end of May. May 31 The balance of prepaid insurance represents a 12-month policy. One month has been used. May 31 Depreciation of equipment for the month is $810. May 31 Magnitude Services has earned $1,150 that was previously unearned. Required May 31 The balance of prepaid insurance represents a 12-month policy. One month has been used. May 31 Depreciation of equipment for the month is $810. May 31 Magnitude Services has earned $1,150 that was previously unearned. Required Create the journal entries for the adjustments. Do not enter dollar signs or commas in the input boxes. Round your answers to the nearest whole number. Date 2018 May 31 May 31 Account Title and Explanation Expensed one month of insurance Depreciate equipment May 31 Earned revenue Debit Credit