Purpose To make students familiar with adjusting accounts while using journal entries, T-Account posting and Trial Balance preparation. Details From the Textbook, Weygandt et al, using the problem P2.5A (Page 2-43) and P2.4B (Page 2-50) and the balances that you completed in assignment 2a. In Excel enter the unadjusted trial balance amount into T account, identify adjusting entries with the information below, prepare the adjusting journal entries, and adjusted Trial Balance (using the formats developed in Assignment-1) P2.5A assumptions: Insurance policy is for 1 year All equipment has a useful life of 10 years P2.4B assumptions Used $500 of supplies in April (balance on hand at end of month of $1,000) Payroll taxes of $200 to be paid in May based on April wages