Question 2. Garvey Company's unadjusted trial balance includes the following account balances as of December 31, 2022: Credits Debits $ 68,900 116,300 1,300 138,600 8,700 50,000 277,800 Cash Accounts Receivable Interest Receivable Supplies Prepaid Insurance Notes Receivable (short-term) Equipment Accumulated Depreciation Accounts Payable Salaries and Wages Payable Deferred Revenue Notes Payable (long-term) Common Stock Retained Earnings Service Revenue Interest Revenue Supplies Expense Repairs and Maintenance Expense Rent Expense Depreciation Expense Insurance Expense Salaries and Wages Expense Totals $ 64,500 104,100 21,600 9,200 87,400 216,100 143,500 40,500 21,900 26,400 17,800 3,000 $ 708,800 $ 708,800 The following data is available to determine adjusting entries: A. Insurance purchased at the beginning of July for $8,700 provided coverage for twelve months (July 2022 through June 2023). The insurance coverage for July through December totaling $4,350, has now been used. B. The company estimates $8,150 in depreciation each year. C. A count showed $85,700 of supplies on hand at the end of the year. D. An additional $260 in interest has been earned but has not yet been uncollected on the outstanding notes receivable. E. Services in the amount of $5,600 were performed for customers who had previously paid in advance. F. Services in the amount of $2,000 were performed; these services have not yet been billed or recorded. Required: a) Prepare the adjusting entries required at the end of the period. b) Prepare an adjusted trial balance by completing the related columns in the table below: Garvey Company Adjusted Trial Balance December 31, 2022 Debits Credits Cash Accounts Receivable Interest Receivable Supplies Prepaid Insurance Notes Receivable (short-term) Equipment Accumulated Depreciation Accounts Payable Salaries and Wages Payable Deferred Revenue Notes Payable (long-term) Common Stock Retained Earnings Service Revenue Interest Revenue Supplies Expense Repairs and Maintenance Expense Rent Expense Depreciation Expense Insurance Expense Salaries and Wages Expense Totals