you have the following additional information and you are required to prepare the related adjusting entries for the month ended 31.1.2020 : A. Assume that the equipment depreciates with monthly rate of $ 500 . B. During the first month of 2020 , the company used 70 % of the supplies . C. The note is initiated on 1.1.2020 with an annual Interest rate of 13 % and matures in 4 months . D. Accrued salaries for the first month of 2020 are 5,900 $ . E. According to the production department , the company provided services total of $ 3,000 of the unearned revenues .

Question 2: You are the bookkeeper of Steven company, on 31.1.2020 (the end of the first month) you have the following Balances extracted from the Trial balance (before adjustment): Account receivable $7,580 Prepaid insurance $8,160 Equipment $96,000 Supplies $18,500 Unearned revenues $7,890 Note payable $6,000 Accumulated depreciation $10,000 Windows built