Question One Heathrow Company opened for business on August 1. Its trial balance before adjustment on December 31 is as follows. Heathrow Company Trial Balance December 31, 2017 Credit Account Debit Cash 5 19.600 Supplies 3.300 Prepaid Insurance 6,000 25.000 Equipment : 26,000 Accounts Payable 56.500 Uncamed Revenue 7.400 Note Payable 8.000 Owners Capital 48.400 Service Revenue 70.000 Salaries and Wages Expe 51.000 Utilities Expense 9.400 $140,3005140,300 Instructions: Journalize the adjusting entries on December 31 based on the following data. (6 points) 1. Insurance purchased on 1/8/2018 for one year. 2. On December 31 supplies on hand is $800. 3. The company purchased equipment in 1/9/2017 and the monthly depreciation is $240 for equipment. 4. Unearned revenue of $4,800 was earned prior to December 31. 5. Salaries of $400 were unpaid or recorded at December 31. 6. The Note Payable (loan) interest rate is 9% per year. (The loan was taken out on August 1.)