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. 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 Preliminary 10/31 Trial Balance Debit $15.200 2,500 Credit 600 Equipment 5,000 Notes Payable $5,000 Accounts Payable 2,500 Unearned Service Revenue 1.200 Owner's Capital 10,000 Owner's Drawings 500 Service Revenue 10,000 Salaries and Wages Expense Rent Expense 4,000 900 $28,700 $28,700