The unadjusted trial balance of Sketch Star Makers Incorporated, prepared as of December 31, 2022, includes the following account balances. All of the accounts listed have normal balances. Cash $ 16,000 Accounts Receivable 3,200 Supplies 3,400 Prepaid Insurance 7,200 Equipment 22,000 Accumulated Depreciation 3,200 Notes Payable (long-term) 32,000 Deferred Revenue 11,000 Service Revenue 42,000 Salaries and Wages Expense 36,000 The following information is also available: A) After a count of supplies, there were $1,600 worth of supplies remaining on hand at December 31, 2022. B) An insurance policy, purchased on January 1, 2022, covers four years. C) The equipment depreciates at a rate of $2,200 per year; no depreciation has been recorded for 2022. D) One half (or 50%) of the amount recorded as Deferred Revenue remains deferred as of December 31, 2022. E) The accrued amount of salaries and wages at December 31, 2022 is $3,200. Required: Prepare the required adjustments for the company as of December 31, 2022. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

The unadjusted trial balance of Sketch Star Makers Incorporated, prepared as of December 31, 2022, includes the following account balances. All of the accounts listed have normal balances. Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation Notes Payable (long-term) Deferred Revenue Service Revenue Salaries and Wages Expense $ 16,000 3,200 3,400 7,200 22,000 3,200 32,000 11,000 42,000 36,000 The following information is also available: A) After a count of supplies, there were $1,600 worth of supplies remaining on hand at December 31, 2022. B) An insurance policy, purchased on January 1, 2022, covers four years. C) The equipment depreciates at a rate of $2,200 per year; no depreciation has been recorded for 2022. D) One half (or 50%) of the amount recorded as Deferred Revenue remains deferred as of December 31, 2022. E) The accrued amount of salaries and wages at December 31, 2022 is $3,200. Required: Prepare the required adjustments for the company as of December 31, 2022. (If no Journal entry worksheet