Prepare year-end adjusting entries for the following transactions and write your journal entries in good form in the spaces provided below.

1. Accrued interest on notes payable is $45.

2. $1,500 of unearned revenues previously recorded during year have all been earned.

3. Depreciation on equipment totaled $7,500 for the year.

4. Supplies purchased totaled $850 during the year. By year end, only $275 of supplies remained.

5. Salaries accrued and owed to employees (and not yet paid) at the end of the year totaled $760.