Prepare year-end adjustments n the box below for the following transactions. Omit explanations but be sure to label your answers and BE SURE to list the debit(s) first and credit(s) second in case the spacing doesn't carry through when it is submitted. Prepare adjusting entries for the following transactions. Omit explanations. Depreciation on equipment is $1,340 for the accounting period. 2. Interest owed on a loan but not paid or recorded is $275. 3. There was no beginning balance of supplies and $550 of office supplies were purchased during the period. At the end of the period $100 of supplies were on hand. 4. Prepaid rent had a $1,000 normal balance prior to adjustment. By year end $700 had expired. 5. Accrued salaries at the end of the period amounted to $900