The unadjusted trial balance for Mulberry & Mango Inc. appears below as of December 31, 2021.

Mulberry & Mango Inc.

Unadjusted Trial Balance December 31, 2021

Debit/(Cr) Amounts in brackets ($) are credits.

Cash $950

A/R 65

Prepaid insurance 150

Supplies 30

Equipment 500

Acc depn - Equip (140)

A/Payable (210)

Notes payable (400)

Unearned revenue (105)

Common shares (483)

R/earnings (120)

Dividends 50

Service revenue (446)

Salaries exp 72

Utilities exp 12

Rent exp 53

Advertising exp 22

Interest exp 0

Additional data is as follows:

(a) Unearned service revenue earned during the year amounts to $85.

(b) Depreciation for the current year amounts to $40.

(c) Prepaid insurance consists of a policy purchased on January 1, 2021 for a 15 months coverage.

(d) Supplies used during the current year amount to $15.

(e) Accrued salaries on December 31, 2021, amount to $25.

(f) The power/utility invoice for December, 2021, was not received as yet. The estimated invoice amount is $2.

(g) As part of the lease agreement for the rent of space, Mulberry must pay the landlord 5% of revenue as additional rent. This amount has not been accounted for as yet.

(h) The 2-year note payable related to a loan from the bank. The loan was made on April 1, 2021, and the annual interest rate was 6%. No payment of interest or principle was made in the year.

Required:

1. Record all the 'adjusting entries' required based on the additional information.