Instant Clothing Alterations is run by Marc Giannopolous in the local shopping centre. The business prepared the following unadjusted and adjusted trial balances at 30 June 2016:

	INSTANT CLOTHING ALTERATIONS Trial Balances as at 30 June 2016
	Account	Trial balance				Adjusted trial balance
		Debit		Credit		Debit			Credit
	Cash Accounts receivable Supplies Prepaid insurance Office furniture Accumulated depreciation Accounts payable Salaries payable Interest payable Loan payable Unearned alterations revenue Marc Giannopolous, Capital Marc Giannopolous, Drawings Alterations revenue Depreciation expense Supplies expense Electricity expense Salaries expense Rent expense Interest expense Insurance expense	$	10 100 31 520 3 050 6 160 60 560 82 200 13 800 74 640 34 160 2 460	$	23 020 17 680 33 600 4 030 36 230 204 090	$	10 100 33 850 2 180 3 720 60 560 82 200 6 380 870 13 800 77 330 34 160 3 440     2 440	$		29 400 17 680 2 690 980 33 600 2 690 36 230 207 760
		$	318 650	$	318 650	$	331 030	$		331 030

Required

Prepare the adjusting entries that account for the differences between the two trial balances and explain the nature of each entry. The only account affected by more than one adjustment is Alterations Revenue. Ignore GST.