$7,200 2,100 7,680 Prepaid insurance Supplies Office equipment Unearned rent revenue Salaries expense Rent revenue 5,400 3,250 16,000 Monthly financial statements are prepared. Using the following information, record in a general journal the adjusting entries necessary on January 31: a. Prepaid Insurance represents a three-year premium paid on January 1. b. Supplies of $975 were on hand January 31. c. Office equipment is expected to last eight years. Depreciation is recorded monthly. d. On January 1, the firm collected six months' rent in advance from a tenant renting space for $925 per month. e. Accrued salaries not recorded as of January 31 are $625. Round your answer to the nearest dollar, as needed. General Journal Date Description Debit Credit a. Jan.31 0 To record January Insurance expense. b. Jan.31 To record January supplies expense. C. Jan.31 To record January depreciation on office equipment. d. Jan.31 To record portion of advance rent earned in January. e. Jan.31 To record accrued salaries at January 31