Prepare adjusting entries for the year ended December 31, 2013, based on the following data:

i.A 1-year insurance policy costing $1,200 was purchased on September 30, 2013.

ii.Employee salaries are owed for 4 days of a regular 5-day work week. Weekly payroll, $8,000.

iii.The balance in Supplies before adjustment is $2,600. A physical count reveals $1,350 of supplies on hand on December 31, 2013.

iv.Equipment was purchased at the beginning of the year for $40,000. The equipment has a useful life of 5 years and no salvage value.

v.Unearned Service Revenue has a balance of $6,300 before adjustment. Records show that $3,425 of that amount has been earned by December 31, 2013.