P3-8A Image.com has the following information available at November 30 , its year end, to assist Ifentify fffects of adjusting jourwith the preparation of its adjusting joumal entries: 1. The balance in the Prepaid Insurance account at November 30 is $1,200, representing a pay- (SO 6.7.8) AP ment made on July 1 for a 12 -month insurance policy. 2. The balance in the Supplies account at November 30 was $1,000. Supplies on hand are $800. 3. Unearned service revenue of $550 is eamed. 4. Acerued salaries payable are $500. 5. Accrued interest receivable is $100. 6. Amortization for the year is $1,200. mstructions Indicate the effect that each of the adjusting joumal entries will have on the company's financial statement if Image.com fails to make the entry. Indicate whether, and by how much, the financial statement classification will be understated (U), overstated (O), or not affected (NA) in the table provided below. The first one is done for you as an example