Assume the following adjustment data. 1. Supplies on hand at October 31 total $500.
2. Expired insurance for the month is $300.
3. Depreciation for the month is $70.
4. Services related to unearned service revenue in October worth $500 were performed.
5. Services performed but not recorded at October 31 are $200.
6. Interest accrued at October 31 is $90.
7. Accrued salaries at October 31 are $1,700.
Prepare the adjusting entries for the items above.

                                    Adjusting Entries

      Date    Accounts titles and Explanation     Debit   Credit

1.                  Supplies expense                            $500

                           Supplies expense                                  $500

2.                  Insurance expense                          $300

                              Prepaid Insurance                                $300

3.                   Depreciation expense                     $ 70

                                Accumulated depreciation                 $70

                                 - equipment

4.                    Unearned service revenue             $500

                                   Service revenue                                $500

5.                     Accounts receivable                      $200

                                   Service revenue                                $200

6.                      Interest expense                            $90                            

                                   Interest payable                                  $90

7.                      Salaries and wages expense        $1,700

                                   Salaries and wages payable               $1,700