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Scotsman Company prepares monthly financial statements. Below is listed some selected accounts and their balances in the September 30 trial balance before any adjustments have

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Scotsman Company prepares monthly financial statements. Below is listed some selected accounts and their balances in the September 30 trial balance before any adjustments have been made for the month of September. SCOTSMAN COMPANY Trial Balance (Selected Accounts) September 30, 2020 Credit Supplies Prepaid Insurance Office Equipment Debit 2,700 3,150 16,200 I An analysis of the account balances by the company's accountant provided the following additional information: 1. A physical count of office supplies revealed 700 on hand on September 30. 2. A two-year life insurance policy was purchased on June 1 for 3,600. Instructions Using the above additional information, prepare the adjusting entries that should be made by Scotsman Company on September 30

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