Prepare adjusting entries.

E$3\mathrm{.}10($LO $2,3),$ AN The trial balance for Pioneer Advertising Inc. is shown in Illustration $3\mathrm{.}4.$ Instead of the adjusting entries shown in the text at October $31,$ assume the following adjustment data.

Supplies on hand at October $31$ total $$500.$

Expired insurance for the month is $$100.$

Depreciation for the month is $$50.$

Services related to unearned service revenue in October worth $$600$ were performed.

Services performed but not recorded at October $31$ are $$300.$

Interest to be accrued at October $31$ is $$95.$

Salaries to be accrued at October $31$ are $$1,625.$

Instructions

Prepare the adjusting entries for the items above.