25. NOTE: Write your answers on the journal found on the student response sheet. The trial balance of Metrix Co. on May 31, 2021, includes the following selected accounts before adjusting entries: DR CR Prepaid insurance $ 7,200 An analysis of the accounts Supplies 11,200 shows the following: Equipment 96,000 Accumulated Depreciation - Equipment Unearned revenue $ 20,800 40,000 1. Supplies on hand at May 31, 2021, total $3,200. 2. 80% of the unearned revenue was earned in May 2021. 3. A two-year insurance policy for $7,200 was purchased on April 1, 2021. 4. Equipment was purchased on March 1, 2019, and has an estimated useful life of 10 years. Instructions: Prepare the adjusting entries for the month of May. Show any calculations you make in the 'Particulars' section after each entry. APP 4, COM 4