Question 2: You are the bookkeeper of Steven company, on 31.3.2020 (the end of the first quarter) you have the following Balances extracted from the Trial balance (before adjustment): Account receivable Prepaid insurance Equipment Supplies Unearned revenues Note payable Accumulated depreciation $7,580 $8,160 $96,000 $18,500 $7,890 $6,000 $10,000 you have the following additional information and you are required to prepare the related adjusting entries for the quarter ended 31.3.2020: ation Failed) ole Editing A. Assume that the original insurance policy was paid on 1.1.2020 and $340 of prepaid insurance expires each month. B. Physical count at the end of March indicated that only 5,000 of supplies remain on hand. C. The note was initiated on 1.1.2020 with an annual Interest rate of 9% and it matures in four months. D. During the month of march, the company provided services to customers total of $7,900 which are not billed yet. E. Annual depreciation on the equipment is $12,000