Part 4 Adjusting Entries - Record adjusting entries in the following journal based on the information below. 1) Record one month's depreciation on the equipment that Wren invested in the business. The equipment is estima to have a $2,000 salvage value and a 4-year life. Compute the expense using the straight-line depreciation metho 2) Record the expiration of one month's pre-paid rent during September. (Wren paid $4,500 cash in advance to pay 3 months' rent on the studio.). 3) Record the expiration of one month's pre-paid insurance during September. (Wren paid $3,000 cash in advance cover 12 months insurance.). 4) Wren taught 4 weeks of yoga classes for City Park Community College in September. (The school had paid Wren $10,000 in advance to teach yoga classes over the next 10 weeks.). 5) An inventory at the end of the month revealed that $1,200 of supplies remained on hand. 6) During the month, Lakeview Wellness Center hired Wren to provide some evening meditation classes on credit Wren has not yet sent her $2,000 bill for the classes she taught in September and has not yet recorded this reven 7) Wren's part-time assistant eamed $400 in salaries during the last week in September. Wren has not recorded or this expense. Wren will pay her the first week of October. Adjusting Entries ACCOUNT DATE DR. CR uou unit - PREPAR RENT Asurance EXPENSE DEPUS line ener REULE _Perows RECENDE Part 4 Adjusting Entries - Record adjusting entries in the following journal based on the information below. 1) Record one month's depreciation on the equipment that Wren invested in the business. The equipment is estima to have a $2,000 salvage value and a 4-year life. Compute the expense using the straight-line depreciation metho 2) Record the expiration of one month's pre-paid rent during September. (Wren paid $4,500 cash in advance to pay 3 months' rent on the studio.). 3) Record the expiration of one month's pre-paid insurance during September. (Wren paid $3,000 cash in advance cover 12 months insurance.). 4) Wren taught 4 weeks of yoga classes for City Park Community College in September. (The school had paid Wren $10,000 in advance to teach yoga classes over the next 10 weeks.). 5) An inventory at the end of the month revealed that $1,200 of supplies remained on hand. 6) During the month, Lakeview Wellness Center hired Wren to provide some evening meditation classes on credit Wren has not yet sent her $2,000 bill for the classes she taught in September and has not yet recorded this reven 7) Wren's part-time assistant eamed $400 in salaries during the last week in September. Wren has not recorded or this expense. Wren will pay her the first week of October. Adjusting Entries ACCOUNT DATE DR. CR uou unit - PREPAR RENT Asurance EXPENSE DEPUS line ener REULE _Perows RECENDE