Current Attempt in Progress Prepare the adjustments for the following transactions. Indicate the change in each account affected (Increase or Decrease), the account title of each account affected and the amount 1 2 3 Depreciation on equipment is $1,340 for the accounting period. Interest owed on a loan but not paid or recorded is $275, There was no beginning balance of supplies and $550 of office supplies were purchased during the period. At the end of the period $100 of supplies were on hand. Prepaid rent had a $1.000 normal balance prior to adjustment. By year-end $700 had expired. Accrued salaries at the end of the period amounted to $900 4 5 No. Increase or Decrease Account Titles Amount