Pacific Corporation provides an online bookstore for electronic books.
The following is a simplified list of accounts and amounts reported in its accounting records.
Account	Debit	Credit		The following data are available to determine adjusting entries:
Cash	1,160.00	-
Accounts Receivable	2,320.00	-		A	$ 1,218.00	of depreciation estimated during the period.
Office Supplies	2,030.00	-		B	$ 338.00	of supplies were counted on September 30, 2020
Prepaid Insurance	1,450.00	-		C	$ 363.00	of salaries were earned by employees on September 30, but not yet paid nor recorded.
Inventories	3,480.00	-		D	One-third of the revenue received in advance has been earned by September 30, 2020
Property, Plant and Equipment	12,180.00	-		E	The prepaid insurance balance relates to 6-month policy beginning on July 1, 2020.
Accumulated Depreciation	-	2,900.00		F	Income taxes for the year are calculated as 30 percent of accounting income before tax.
Accounts Payable	-	2,030.00
Unearned Services Revenue	-	2,320.00		Required:
Notes Payable, due in 2022	-	4,350.00		[15 Marks] Prepare the adjusting entries that are required at September 30, 2020. Round your answer to the nearest dollar.
Contributed Capital	-	7,250.00
Retained Earnings	-	2,030.00		No	Transaction	General Journal	Debit	Credit
Dividends Declared	580.00	-		1	A
Services Revenue	-	7,250.00
Other income	-	870.00
Operating Expense	2,900.00	-		2	B
Salaries Expenses	1,450.00	-
Insurance expense	870.00	-
Utilities expense	580.00	-		3	C
Totals	29,000.00	29,000.00
				4	D
				5	E
				6	F