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Copy Service The account balances appearing on the trial balance were taken from the general ledger of at 10/31/19. Additional information for the month of October, which has not been recorded in the accounts, is as follows: 1. A physical count of supplies inventory indicates $200 on hand at 10/31/19 2. The amount of insurance that expired in the month of October was $300. 3. Depreciation on equipment for October was $400. 4. Rent owed on the store for October was $900. It will be paid in November. REQUIRED: A. Prepare the required adjusting entries in journal form. B. Enter the AJEs from part A on the worksheet and complete the worksheet. C. Prepare the closing entries in journal form. D. Why do accrual-basis financial statements provide more useful information than cash-basis statements? Copy Service The account balances appearing on the trial balance were taken from the general ledger of at 10/31/19. Additional information for the month of October, which has not been recorded in the accounts, is as follows: 1. A physical count of supplies inventory indicates $200 on hand at 10/31/19 2. The amount of insurance that expired in the month of October was $300. 3. Depreciation on equipment for October was $400. 4. Rent owed on the store for October was $900. It will be paid in November. REQUIRED: A. Prepare the required adjusting entries in journal form. B. Enter the AJEs from part A on the worksheet and complete the worksheet. C. Prepare the closing entries in journal form. D. Why do accrual-basis financial statements provide more useful information than cash-basis statements