Answer:
Explanation:
The adjusting entries are shown below:
1. Supplies expense A/c Dr $1,500
          To supplies A/c $1,500
(Being supplies account is adjusted)
The supplies expense is computed by
= Supplies balance - supplies on hand
= $2,800 - $1,300
= $1,500
2. Insurance expense A/c Dr $1,320                 ($6,600 ÷ 5 years)
                 To Prepaid Insurance $1,320
(Being prepaid insurance is adjusted)
3. Depreciation Expense A/c Dr $1,900
             To Accumulated Depreciation - Equipment A/c $1,900
(Being depreciation expense is recorded for 2018)
4.  Deferred revenue A/c $4,750        ($9,500 × 50%)
           To Service revenue $4,750
(Being Deferred revenue is recorded)
5. Salaries and wages expense A/c Dr $2,900
           To Salaries and wages payable A/c $2,900
(Being accrued salaries and wages are recorded)