The trial balance of Belmont Inc. on December 31, Y5 is as follows: Debit Credit Cash $ 7,465 Accounts Receivables 3,560 Prepaid insurance 4,350 Supplies 1,520 Equipment 12,000 Accumulated Depreciation - Equipment $1,200 Accounts Payable 3,060 Unearned revenue 3,560 Common Shares 10,000 Retained earnings 8,633 Service revenue 6,320 Advertising expense 328 Salaries and wage expense 3,100 Office expense 450 $32,773 $32,773 The following adjusting entries have not been entered for the fiscal year ended December 31, Y5: 1. The equipment has a useful life of 6 years, no residual value. 2. The insurance policy was paid on November 1, Y5 and is a twelve-month policy. 3. An physical count of the inventory of supplies indicated $965 on hand at December 31, Y5. 4. Half of the unearned revenue was billed at December 31, Y5. 5. Work in the amount of $2,345 was completed for customers but not invoiced or billed at December 31, Y5. 6. A telephone bill in the amount of $580 was received but not entered into accounts payable at December 31, Y5. Required: Prepare the adjusting journal entries as needed for the above information and prepare a completed worksheet