: The following data belongs to Mr. Amzad for the month of December, 2003 Debit Credit Cash 1700 Inventory supplies 2500 Prepaid insurance 600 Office Equipmet 4800 Service Revenue 2600 Capital 7000 Adjustments: 1. Inventory supplies on hand is 500 2. Insurance paid is for one year 600. 3. Depreciation on the equipment is 10% per year. Instruction: write Adjusting entries