The ledger of Halloween Costume Company on September 30 of the current year includes these selected accounts before adjusting entries have been prepared. Debits Credits Prepaid insurance $2,160 Accumulated depreciation - equipment $5,040 Supplies 1,800 Notes payable 12,000 Equipment 15,000 Unearned rent revenue 6,120 Wages expense 8,400 Rent revenue 36,000 Prepare the adjusting entries at September 30, assuming that adjusting entries are made quarterly if an analysis of the accounts shows the following area to show calculations on each): 1. The equipment depreciates $150 per month. 2 Half of the unearned rent revenue was earned during the quarter. 3. Interest of $264 is accrued on the notes payable. 4. Supplies on hand total $510. 5. Insurance expires at the rate of $180 per month 360 EP 13-4 The #bber unadjusted trial balance for Summer Corp. is shown below. Summer Corp., Unadjusted Trial Balance, October 31 Account Name Debit Credit Cash $9,120 Advertising Supplies 1,500 Prepaid Insurance Office Equipment 3,000 Notes Payable $3,000 Accounts Payable 1,500 Uneamed Service Revenue 720 Common Stock 6,000 Retained Earings Dividends 300 Service Revenue 6,000 Salaries & Wages Exponse 2,400 Rent Expense 540 Total $17.220 $17.220 Assume the following adjustment data and prepare the adjusting entries on October 31 1. Advertising supplies on hand at October 31 total $420. 2. Expired insurance for the month is $60. 3. Depreciation for the month is $30. 4. Interest expense of $42 on the Note Payable should be accrued at October 31. 5. As of October 31, $480 of the previously recorded unearned revenue had been earned 6. Services provided to clients but unbilled (and no receivable has been recorded) at October 31 are $180 7. The accountant in the payrol department determined the accrued salaries at October 31 are $840. 10