Research Associates, owned by Alex Raman, is retained by large companies to test consumer reaction to new products. On January 31,201, the firm's worksheet showed the following adjustments data: (a) supplies used, \$2,340; (b) expired rent, \$13,000; and (c) depreciation on office equipment, $4,580. The balances of the revenue and expense accounts listed in the Income Statement section of the worksheet and the drawing account listed in the Balance Sheet section of the worksheet are given below: Required: 1. Record the adjusting entries in the general journal (transactions 1-3). 2. Record the closing entries in the general journal (transactions 4-7). 1 Record the adjusting entry for supplies. 2 Record the adjusting entry for rent. 3 Record the adjusting entry for depreciation. 4 Record the closing entry for revenue. 5 Record the closing entry for expense. 6 Record the closing entry for the balance of income summary. 7 Record the closing entry for the drawing account. Journal entry worksheet 2345 Note: Enter debits before credits. Journal entry worksheet Note: Enter debits before credits. Journal entry worksheet