Prepare adjusting entries for the following transactions. (Dit all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) 1. 2 Depreciation on equipment is $636 for the accounting period, There was no beginning balance of supplies and purchased $636 of supplies during the period. At the end of the period $159 of supplies were on hand. Prepaid rent had a $1,272 normal balance prior to adjustment. By year end $424 was unexpired 3. Debit Credit No. Account Titles and Explanation 1. No. Account Titles and Explanation Debit Credit 1. 2. 3