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Problem 3-7A Adjusting entries (monthly) LO4 11 Wedona Energy Consultants prepares adjusting entries monthly Based on an analysis of the unadjuded bal balance at January 21 2020, the following information was available for the preparation of the January 31, 2020, mont end adjusting entries Equipment purchased on November 1 of this accounting penod for $13.440 is estimated to have a used it of 2 years Aer 2 years of use it is expected that the equipment will be scrapped due to technological obsoles b. Of the $1,000 balance in Uneamed Consulting Revenue $8.300 had been eamed c. The Prepaident account showed a balance of $12.300. This was paid on January 1 of the accounting period and represents six months of rent commencing on the same date d Accrued wages at January 31 totalled $18.00 One north of interest had accrued at the rate of 6% per year on a $34.000 note payable Unrecorded and uncollected consulting revenues at month end were $5.950 A $3150 surance policy was purchased on Aprt 1 of the curent accounting period and depend to the Prepaidance acco Coverage began Apr 1 for 18 months h. The monthly depreciation on the office furniture was 5005 1. Reper revenues accrued at month-end totaled $3,000 The Store Supplies account had a balance of $760 at the beginning of January During January $1740 of suppies were purchased and deberd in the Store Supples account. At month-end, a count of the supples revealed a balance of $0 Assume Wedona Energy uses the straight ine method to deprecat Required: Prepere ating journal entries for the month ended January 31, 2020, based on the above Journal entry worksheet 20 par Ward B S