Prepare adjusting entries for the following transactions The beginning balance of the supplies account was $345. During the month the company bought additional supplies in the amount of $735. At the end of the month physical inventory showed $343 of unused supplies The company has a 12% note payable in the amount of S17,000 due in six months. The interest expense of $170 for the month has not been recorded The company has two employees. The manager is paid on the fifteenth of every month or work performed during the first half of the month and on the first of the following month for the work performed during the second half of the month. His monthly salary 55,500. The other employee is paid $650 for each five-day work weck (Monday Friday). The last day of the month fell on Thursday The uncated foes account shows a balance of S46,000. According to the manager 60% porthat amount has been camed. At the end of the month $5.700 of services had been performed but not yet billed. 180 3.REM Consulting is completing the accounting information processing at the end of the fiscal year, December 31 The following trial balances are available Accounts Unadjusted Adjusted Trial Balance Trial Balance Debit Credit Debit Credit Cash 13,000 13.000 Accounts Receivable 1.500 Prepaid Insurance 50X 200 Supplies 3,8K 100 Machines 30,000 30.00 Accumulated Depreciation 12,000 17.500 Wages Payable 90 Unearned Fees 6,700 6.SI Owner's Capital 24,000 24,00 Owner's Drawing 4.OK 4.800 Fees Earned 25.00 25,500 Wages Expense 14,00 14.900 Depreciation Expense SESOG Supplies Expense 800 Insurance Expense 400 57.2006270424401 224.40 Reconstruct the adjusting entries and give a brief explanation of each. b) What is the amount of niet income