Question 2: You are the bookkeeper of Steven company, on 31.1.2020 (the end of the first month) you have the following Balances extracted from the Trial balance (before adjustment): Account receivable $7,580 Prepaid insurance 58,160 Equipment $60,000 Supplies $18,500 Unearned revenues $7,890 Note payable $6,000 Accumulated depreciation $10,000 you have the following additional information and you are required to prepare the related adjusting entries for the month ended 31.1.2020: A. Assume that the equipment depreciates with annual rate of $13,080. B. At 31.1.2020 the company had only 8,000 supplies on hand. C. The note was initiated on 1.1.2020 with an annual Interest rate of 8% and it matures in 4 months. D. According to the production department, the company provided services total of $16,000 which are unbilled yet. E. 60% of unearned revenues were earned during the first month of 2020