Can someone please help with this, and if possible have detailed step by step instruction on how to do it. I hate to be a bother but I really want to learn how to do this. Thank you and god bless.

Instructions:

Using the information given, prepare the adjusting entries that should be made by Sunkan Company on September 30.

Remember: you are doing adjusting entries for a one month period - the month of September.

Very Important: be sure to use proper format when preparing the adjusting entries you will be submitting.

Sunkan Company prepares monthly financial statements. Below are listed some selected accounts and their balances on the September 30 trial balance before any adjustments have been made for the month of September.

SUNKAN COMPANY

Trial Balance (Selected Accounts)

September 30, 2017

Debit Credit

Supplies .................................................................................................. $ 2,700

Prepaid Insurance .................................................................................. 4,800

Equipment ............................................................................................... 16,200

Accumulated DepreciationEquipment ................................................ $ 1,000

Unearned Rent Revenue ........................................................................ 1,200

(Note: Debit column does not equal credit column because this is a partial listing of selected account balances.)

An analysis of the account balances by the company's accountant provided the following additional information:

1. A physical count of office supplies revealed $1,000 on hand on September 30.
2. A two-year life insurance policy was purchased on September 1 for $4,800.
3. Office equipment depreciates $3,000 per year.
4. The amount of rent received in advance that remains unearned at September 30 is $300.