Prepare adjusting entries using the following information in the General Journal below. Show your calculations! a) One month's insurance has expired. b) The remaining inventory of repair supplies is $194. c) The estimated depreciation on repair equipment is $70. d) The estimated income taxes are $40.

GENERAL LEDGER INFORMATION:

Cash (111)			Bicycle Repair Revenue (411)
Common Stock 12,000	Insurance Expense 12,000		To TRF to P/L Acct. 2,712	By Cash 1,362
Bicycle Repair Revenue 1,362	Store Rent Expense 1,040			By Cash 1,350
Bicycle Repair Revenue 1,350	Equipment 600
	Utility Expense 154
	Dep-Expense Repair Equipment 200
	Dividends 800
	By Cash C/D 10,718
TOTAL: 14,712	TOTAL: 14,712		TOTAL: 2,712	TOTAL: 2,712
Prepaid Insurance (117)			Store Rent Expense (511)
			To Cash 1,040	By Balance TRF to P/L Acct. 1,040
			TOTAL: 1,040	TOTAL: 1,040
Repair Supplies (119)			Utility Expense (512)
			To Cash 154	By Balance TRF to P/L Acct. 154
			TOTAL: 154	TOTAL: 154
Repair Equipment (144)			Insurance Expense (513)
			To Cash 1,200	By Balance TRF to P/L Acct. 1,200
			TOTAL: 1,200	TOTAL: 1,200
Accum. Depr.-Repair Equipment (145)			Repair Supplies Expense (514)
Accounts Payable (212)			Depr. Exp.-Repair Equipment (515)
To TRFD to Balance Sheet 4,190	By Repair Supplies 390		To Cash 200	By TRF to P/L Acct. 200
	By Equipment 4,190
TOTAL: 4,190	TOTAL: 4,190		TOTAL: 200	TOTAL: 200
Income Taxes Payable (213)			Income Taxes Expense (516)
Common Stock (311)
Balance C/D 12,000	By Cash 12,000
Total: 12,000	TOTAL: 12,000
Retained Earnings (312)
Dividends (313)
To Cash: 800	By TRF to Retained Earnings Acct. 800
TOTAL: 800	TOTAL: 800