Prepare adjusting entries for the following transactions. (List 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 $ 516 for the accounting period. There was no beginning balance of supplies and purchased $ 516 of supplies during the period. At the end of the period $ 129 of supplies were on hand. Prepaid rent had a $ 1.032 normal balance prior to adjustment. By year end $ 344 was unexpired. 3 No. Account Titles and Explanation Debit Credit 1. 2 3