Salaries Payable Insurance Expense Accumulated Depreciation 14. Prepare the following adjusting entries in proper form with explanations for August 2015. If there is no entry to be made write NO ENTRY a. Depreciation on office equipment is $350.00 for the month of August. Record the depreciation. b. There were $1,500.00 of office supplies at the end of July. Purchases of office supplies during August were $750.00. At the end of August, there were $640.00 of supplies left. Record what was used. c. Prepaid rent had a balance of $8,000 at the end of July. Twenty-five percent of this was used in August. Record the rent that expired/ was used in August. d Fees of $70,000 were received in advance on August 1st. At the end of August, 60% were still Record what has been earned in August. Uneshed Reve utle 60% unearned. n0000 x 42000 e. Payroll for the five-day work week, which is paid every Friday is $15,000. August 31st, (last day of the month) is a Thursday. Record the the balance of August that has not been paid f. The company ordered new office furniture on August 15th from Office Depot that will cost $2,530. It has not been delivered 15. The going concern assumption is not applied to a. Companies that are about to file for bankruptcy b. Companies that have been in existence for less than a year ino that haye sustained losses for the previous two years