Havanese Services Company records adjusting entries on an annual basis. The following information is available to be used in recording adjusting entries for the year ended December 31, 2024.

1. Prepaid insurance totalling $435 has expired.

2. Supplies of $425 have been used.

3. Annual depreciation on equipment is $1,240.

4. Services related to unearned revenue of $320 were performed.

5. Salaries of $835 are unpaid.

6. Utility expenses for 2024 of $230 are unrecorded and unpaid.

7. Services provided but not collected in cash or recorded total $935.

8. Interest of $85 on a note payable has accrued.

Instructions
For each adjustment, prepare a basic analysis, a debit-credit analysis, and the adjusting entry. Use the following format, in which the first one has been done for you as an example.

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Adjustment 1 Basic Analysis The asset Prepaid Insurance is decreased by $435. The expense Insurance Expense is increased by $435. Debit-Credit Analysis Debits increase expenses: debit Insurance Expense $435. Credits decrease assets: credit Prepaid Insurance $435. Dec. 31 Adjusting Entry Insurance Expense Prepaid Insurance To record insurance expired. 435 435