Target Transportation Corporation (Target) prepares commenced operations on November 1, 2019. Below are selected accounts and their balances on the October 31, 2020 trial balance before any year-end adjustments have been made. TARGET TRANSPORTATION CORPORATION Trial Balance October 31, 2020 Debit Credit Cash 9,935 Office supplies. 2,700 Prepaid insurance 6,600 Equipment........ 16,2001 Accumulated depreciation-equipment. 500 Accounts payable. 1,100 Unearned rent revenue. 2,700 Common shares. 10,000 Revenue. 18,925 Depreciation expense 500 Supplies expense 1,500 Wages expense 2,150 Rent revenue 6,360 Total $39,585 $39,585 An analysis ofthe account balances provided the following additional information: 1. A physical count of office supplies revealed $3,000 on hand on October 31, 2020. 2. A two-year insurance policy was purchased on June 1, 2020 for $6,600. 3. The office equipment was purchased on December 1, 2019 for $16,200 and has an estimated useful life of five years and a residual value of 1,200. 4. Rent received in advance that remains une arned at October 31, 2020 is $1,400. 5. 5 days ofwages for 6 employees who each work 4 hours per day at $13/hour have not yet been recorded or paid at October 31, 2020. 6. Target completed its last delivery late on the evening of October 31, 2020. The $4,000 invoice for the job was recorded and sent to the customer on November 7, 2020. Required: Using the above additional information, prepare the adjusting entries that should be made on October 31, 2020. Use the table on the next page