Problem 4. Prepare adjusting entries for the following transactions. Omit explanations. 1. Depreciation on equipment is $840 for the accounting period. 2. Interest owed on a loan but not paid or recorded is $175. 3. There was no beginning balance of supplies and purchased $400 of office supplies during the period. At the end of the period $70 of supplies were on hand. 4. Prepaid rent had a $1,000 normal balance prior to adjustment. By year end $300 had expired. 5. Accrued salaries at the end of the period amounted to $900