Unadjusted Trial Balance April 30, 2016 a. The monthly insurance cost is $50. b. Office supplies on hand on April 30,2016 , amount to $180. c. The office equipment was purchased on April 1, 2015. On that date, it had an estimated life of years. d. On September 1, 2015, the automobile was purchased; it had an estimated useful life of five years. e. A deposit is received in advance of providing any services for first-time customers. Amounts received in advance are recorded initially in the account Deferred Commissions. Based on services provided to these first-time customers, the balance in this account at the end of April should be $5,000. f. Repeat customers are allowed to pay for services one month after the date of the sale of their property. Services rendered during the month but collected or bille these customers amount to $1,500. g. Interest owed on the note payable but not yet paid amounts to $20. h. Salaries owed but unpaid to employees at the end of the month amount to $2,500. Required: 1. Complete the table below to summarize the required adjusting entries as they affect the accounting equation. Assume Reynolds uses the straight-line method of depreciation. Use the format in Exhibit 3-1. Identify each adjustment by letter. Entries (a) through (h) correspond to the Other Data. For those boxes in which no entry is required, leave the box blank. Do not round intermediate calculations. If required, round your final answers to the nearest dollar. For those boxes in which you must enter subtractive or negative numbers, use a minus sign. ompute the net increase or decrease in net income for the month from the recognition of the adjusting entries you prepared in part (1). (Ignore income taxes.) $ Feedback +StockholdersEquity Capital Stock Retained Earnings $