the trial balance for Korier Corporation appears as follows:

Korier Corporation

Trial Balence

12/31/2022

Use the following to record adjusting journal entries for the quarter ended 12/31/22.

Supplies on hand were: $125

Unexpired insurance amounted to: $75

The equipment had a useful life of 5 years and a salvage value of $100

Employees earned $300 in the final week of the period, but have not been paid

Services worth $825 have been performed but not yet billed to the client

The Notes Payable is a 4 year loan, issued originally on 5/1/22 and charging 8% interest

\begin{tabular}{lrr} & \multicolumn{1}{c}{ DR } & \\ & $13,000 & \\ Cash & $1,822 & \\ Accounts Receivable & $680 & \\ Prepaid Insurance & $482 & \\ Supplies & $5,100 & \\ Equipment & & $500 \\ Accumulated Depreciation & & $2,384 \\ Accounts Payable & & $8,000 \\ Notes Payable & & $4,000 \\ Common Stock & & $1,400 \\ Retained Earnings & & $8,300 \\ Service Revenue & & \\ Salaries Expense & $2,200 & \\ Supply Expense & $700 & \\ Rent Expense & $600 & \\ Totals & $24,584 & $24,584 \end{tabular}