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Use the information below to derive the journal entries and complete the requirements 1. Supplies on hand at October 31 total $500. 2. Expired insurance for the month is $120. 3. Depreciation for the month is $50. 4. Services related to unearned service revenue in October worth $600 were performed. 5. Services performed but not recorded at October 31 are $360. 6. Interest accrued at October 31 is $95. 7. Accrued salaries at October 31 are $1,625. Preliminary 10/31 Trial Balance Credit Debit $ 15,200 2,500 600 5,000 Requirements Prepare adjusting entries Enter adjustments onto excel worksheet Complete 1. Adjusted Trial Balance 2. Income statement 3. Statement of Equity 4. Balance Sheet Cash Supplies Prepaid Insurance Equipment Notes Payable Accounts Payable Unearned Service Revenue Owner's Capital Owner's Drawings Service Revenue Salaries and Wages Expense Rent Expense $ 5,000 2,500 1,200 10,000 500 10,000 4,000 900 $28,700 $28,700