The adjusting entries for Down Town Publishers are shown in journal form below. GENERAL JOURNAL Page 1 Post Ref. Debit Credit Date Description ADJUSTING ENTRIES Mar. 31 Income Summary Merchandise Inventory 31 Merchandise Inventory Income Summary 31 Supplies Expense Supplies 31 Insurance Expense Prepaid Insurance 31 Depreciation Expense-Office Equipment Accumulated Depreciation-Office Equipment 31 Wages Expense Wages Payable 31 Unearned Subscriptions Revenue Subscriptions Revenue 32,700.00 32,700.00 21,300.00 21,300.00 1,500.00 1,500.00 1,125.00 1,125.00 824.00 824.00 515.00 515.00 677.00 677.00