Prepare adjusting entries for the following transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Depreciabion on equipment is $1,340 for the accounting period. 2. 1. Interest owed on a loan but not paid or recorded is $275 3. There was no beginning balance of supplies and $550 of office supplies were purchased during the period. At the end of the period $100 of supplies were on hand. 4. Prepaid rent had a $1,000 normal balance prior to adjustment. By yeer end $700 had expired Accrued salaries at the end of the period amounted to $900 No. Account Titles and Explanation Credit Debit 2 Prepare adjusting entries for the following transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Depreciation on equipment is $1.340 for the accounting period 1. Interest owed on a loan but not paid or recorded is $275 2. There was no beginning balance of supplies and $550 of office supplies were purchased during the period. At the end of the period $100 of supplies were on hand 3. 4. Prepaid rent had a $1,000 normal balance prior to adjustment. By year end $700 had expired. Accrued salaries at the end of the period amounted to $9S00 S. No. Account Ttles and Explanation Debit Credit 1 Bramble Corp recently hired a new accountant with extensve experience in accounting for partnershios Because of the pressure of the new job, the accountant was unable to review what he had leamed earlier about oorporation accounting. During the first month, he made the following entries for the corporation's capital stock May 2 Cash 114.400 Capital Stock (tesued 8,800 shares of S10 par value common stock at $13 per share) 114,400 10 Cash 780,000 Capital Stocks 780,000 (Issued 15,000 shares of $15 par value preferred stock at $52 per share) 15 Capital Stock Cash (Purchased 640 shares of common stock for the treasury at $11 per share) 7,040 7,040 On the basis of the explenation for each entry, prepare the entries that should have been made for the caotal stock transactions (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered, Do mot indent maneally, If no entry in required selecr "Ne Entry for the accoat ttles and enter o for the amounts.J Date Account Titles and Explanation Debit Credit