Requirement #4: Prepare adjusting entries using the following information in the General Journal below. Show your calculations! a) One month's insurance has expired. b) The remaining inventory of supplies is $400. c) The estimated depreciation on equipment is $125. d) The estimated income taxes are $3,000. General Journal Date Description (Account Name) Debit Credit 31-Jul Insurance Expenses 350 Prepaid Insu 350 Requirement #5: Post the adjusting entries to the General Ledger T-accounts and compute adjusted balances. Just add to the balances that are already listed. cla - eS Requirement #6: Prepare an adjusted trial balance in the space below. Quick Tax Corporation Adjusted Trial Balance July 31 Cash 62800 Supplies 1000 Prepaid Insurance 3850 Equipment 10000 Common Stock 60000 Accounts Payable Services 8000 17000 Salaries Expenses 3500 Rent Expenses 3500 Insurance Expense 350 85000 85000