Plover Corporation prepares monthlyfinancial statements. Below is a list of selected accounts and their balances on the September 30 before any adjustments have been made for the month of September.All accounts have normal balances.PLOVER CORPORATIONSeptember 30, 2022Cash...................................................................................................$12,300Supplies..............................................................................................2,700Equipment...........................................................................................16,200Accumulated depreciationEquipment...............................................540Accounts payable................................................................................1,100Deferredrevenue................................................................................1,200Common shares..................................................................................10,000Retained earnings...............................................................................18,925Rent revenue.......................................................................................6,360Salaries expense.................................................................................1,150Insurance expense..............................................................................6,600An analysis of the account balances provided the following additional information:1.Aphysical count of supplies revealed $1,200 on hand on September 30.2.A two-year insurance policy was purchased on September1 for $6,600 and was expensed in full.3.The equipment was purchased on July 1stfor $16,200 and has an estimated useful life offiveyears.4.Rent received in advance that remains unearned at September 30 is $500.5.Income tax of $800 is owed.InstructionsUsing the above information, prepare the adjustingentries that should be made by Plover on September 30 (adjusting entries aremade on a monthly basis).(15marks)