Selected accounts of Roses Real Estate are shown at 28 February 2023 before any adjusting entries have been made.

Debit Credit

Prepaid Insurance 900

Supplies 400

Office Equipment 5,000

Unearned Rental Fees 1,800

Salaries Expense 20,800

Rental Fees Revenue 7,000

Additional information

(a) Prepaid insurance represents premiums for 1 year paid on 1 February 2023.

(b) Supplies of $100 were on hand at 28 February 2023.

(c) The business bought an office equipment costing $5,000 on 1 December 2022. This purchase has been correctly recorded in the accounts. The office equipment is expected to last 10 years.

(d) Rose collected 4 months rent in advance on 1 February 2023 from a tenant renting space for $450 per month.

(e) Accrued salaries not recorded as at 28 February 2023 are $3,000.

Required: Prepare the necessary adjusting journal entries as of 28 February 2023. Narrations are required.