Prepare adjusting entries for the following transactions. Omit explanations. 1) Depreciation on equipment is $1,050 for the accounting period. H) Interest incurred and owed on a loan but not paid or recorded is $275. 11) There was a beginning balance of supplies of $120 and the company purchased $400 of office supplies during the period. At the end of the period $70 of supplies were on hand. iv) Prepaid rent had a $1,000 normal balance prior to adjustment. By year end $400 had expired. V) Accrued salaries at the end of the period amounted to $1,100