What is the adjusting entry?

The opening balance sheet of the Snoball Stand Supply Store on February $1,2023$ is as follows:

The Snoball Stand

Balance Sheet

January $31,2023$

Assets

Cash $350$

Snoball syrups $(50$ bottles$)150$

Snoball stand $800$

Equipment $100$

Signage $100$

Total Assets $1,500$

Liabilities and Owners' Equity

Liabilities

Bank loan $500$

Interest payable $5$

Total Liabilities $505$

Owners' Equity

Contributed Capital $1,000$

Accumulated Deficit $(5)$

Total Owners' Equity $995$

Total Liabilities and Owners' Equity $1,500$

The Snoball Stand's grand opening was on Febuary $1,2023!$ The stand is open Wednesday through Sunday each week from $12$pm to $4$pm$.5$ days @ $4$ hours

During February and March $2023,$ the following occured:

Trans # Date Description

$12/1/23$ Purchased an insurance policy for the Snoball Stand at a cost of $$60.$ The policy period runs $2/1/23$ to $1/31/24.60?$

$22/1/23$ Hired an employee who works $4$ hours per day and earns $$20$ per day. $20?$

$32/1/23$ Purchased supplies $($cups$,$ spoons, straws, etc.$)$ for $$200.200$

$42/12/23$ Paid employee $$200$ for work performed from $2/1-2/12.200?10$ days of work

$53/10/23$ Purchased an additional $60$ bottles of snoball syrup from the Snoball Stand Supply Store for $$3$ per bottle. $180$

$63/12/23$ Paid employee $$400$ for work performed from $2/15-3/12.400?20$ days of work

$7*2/1-3/31$ Sold $1,000$ snoballs for $$1\mathrm{.}50$ each, using $40$ bottles of snoball syrup. $?$

Additional information:

$*$While this would result in daily journal entries for each day's sales, just recognize one big entry.

$-$At March $31,$ there were $13$ days of unpaid wages.

$-$The bank loan accrues interest at a rate of $12\%$ per year.

$-$At March $31,$ $$40$ of supplies remained.

$-$For simplicity, we will ignore depreciation on the snoball stand, equipment, and signage for the moment.

Snoball syrup purchases

Purchase date Quantity Price Total

$1/10/23503150$

$3/10/23603180$

February $2023-$ March $2023$

Assets $=$ Liabilities Equity

Debit $($Credit$)$ Credit $($Debit$)$ Credit $($Debit$)$

Description Cash $\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$ Snoball syrup Snoball stand Equipment Signage $\_\_\_\_\_\_\_\_$ Interest payable Bank loan Contributed capital Ret. earnings

Begin. Bal. $35015080010010055001,000(5)$

Feb. $12023$

Feb. $12023$

Feb. $12023$

Feb. $122023$

Mar. $102023$

Mar. $122023$

Feb. $1-$Mar. $312023$

Adjusting entries:

End. Bal.