SUNKAN COMPANY

Trial Balance (Selected Accounts)

September 30, 2017DebitCreditSupplies$2,700Prepaid Insurance4,800Equipment16,200Accumulated DepreciationEquipment$1,000Unearned Rent Revenue1,200

(Note:Debit column does not equal credit column because this is apartiallisting of selected account balances.)

An analysis of the account balances by the company's accountant provided the following additional information:

1.A physical count of office supplies revealed $1,000 on hand on September 30.2.A two-year life insurance policy was purchased on June 1 for $4,800.3.Office equipment depreciates $3,000 per year.4.The amount of rent received in advance that remains unearned at September 30 is $300.

Using the information given, prepare the adjusting entries that should be made by Sunkan Company on September 30.(Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)