Step 1: Analyze the following transactions and record the journal entry in the template

1. The equipment depreciates $350 per month. 2. One-half of the unearned revenue was recognized as revenue during the quarter. 3. Interest of $1,500 is accrued on the notes payable. 4. Supplies on hand total $850. 5. Insurance expires at the rate of $400 per month. 6. A saleand delivery is made with a piece of equipment for $2,000 and the equipment cost $1,500. The sale is a credit sale. Record sale under a perpetual system of inventory. 7. Company wrote off an account for $5,000, which was subsequently recovered. Record the journal entries upon the recovery.

STEP 2. Post the entries to unadjusted trial balance, making it an adjusted trial balance.

Trial Balance31-Dec-20UnadjustedAdjustedDRCRDRCRCash$ 6,000Accounts Receivable 20,000Allowance for Doubtful Accounts 5,000Inventory 5,000Supplies 8,400Prepaid Insurance 3,350Equipment 60,000Accumulated DepreciationEquipment 28,000Accounts Payable 5,000Interest Payable -Notes Payable 5,000Unearned Service Revenue 6,000Salaries and Wages Payable 5,000 Common Stock 10,000Retained Earnings 3,500Sales Revenue 58,600Salaries and Wages Expense 9,350Cost of Goods SoldInsurance ExpenseInterest ExpenseDepreciation ExpenseSupplies ExpenseRent Expense 4,000$121,100$ 121,100

PLEASE I REALLY NEED HELP WITH BOTH STEPS ESPECIALLY THE 2ND STEP IN FILLING OUT THE ADJUSTED SIDE .