1. Using the following information, make the necessary adjusting entries. 8 1. Rent of office premises of $435 for the 3-month period ending 31 July is due to be paid in July. 2. The telephone expense of $105 is unpaid and unrecorded at 30 June. 3. The supplies account had a $205 debit balance on 1 July of the preceding year. Supplies costing $980 were purchased during the year, and $180 of supplies are in inventory as at 30 June. 4. Suburban Realty borrowed $9500 from ABC Bank on 15 February. The principal, plus 13.20 interest, is payable on 15 August. Accrued interest on 30 June was $471. 5. Annual depreciation on equipment is estimated to be $4700. The balance in Accumulated Depreciation at the beginning of the financial year was $7050. 6. The office assistant earns $32 a day. He will be paid in July for the 5-day period ending 3 July. 7. On 1 June, received 2 months' rent in advance, totalling $640. This was recorded by a credit to Unearned Rental Revenue. 8. purchased a 6-month insurance policy for $405 on 1 November. A 24-month policy was purchased on 30 April for $1272. Both purchases were recorded by debiting Prepaid Insurance. Prepare Adjusting journal entries