For each adjustment, prepare a basic analysis, a debit-credit analysis. Use the following format, in which the first one has been done:

No.				Basic Type		Increase/Decrease		Specific Account		Amount
1.		Debit		Expense		Increases		Insurance Expense		$270
		Credit		Asset		Decreases		Prepaid Insurance		270
2.		Debit		select a Basic Type RevenueOwner's EquityLiabilityContra AssetsAssetExpenseDrawingsContra Liability		select an effect IncreasesDecreases		enter a Specific Account		enter a dollar amount
		Credit		select a Basic Type AssetContra LiabilityLiabilityContra AssetsOwner's EquityDrawingsExpenseRevenue		select an effect IncreasesDecreases		enter a Specific Account		enter a dollar amount
3.		Debit		select a Basic Type ExpenseRevenueAssetDrawingsContra LiabilityOwner's EquityLiabilityContra Assets		select an effect IncreasesDecreases		enter a Specific Account		enter a dollar amount
		Credit		select a Basic Type AssetRevenueContra AssetsContra LiabilityExpenseDrawingsOwner's EquityLiability		select an effect IncreasesDecreases		enter a Specific Account		enter a dollar amount
4.		Debit		select a Basic Type AssetOwner's EquityLiabilityContra AssetsDrawingsExpenseRevenueContra Liability		select an effect IncreasesDecreases		enter a Specific Account		enter a dollar amount
		Credit		select a Basic Type LiabilityRevenueContra LiabilityOwner's EquityContra AssetsExpenseDrawingsAsset		select an effect IncreasesDecreases		enter a Specific Account		enter a dollar amount
5.		Debit		select a Basic Type LiabilityContra LiabilityDrawingsContra AssetsAssetOwner's EquityRevenueExpense		select an effect IncreasesDecreases		enter a Specific Account		enter a dollar amount
		Credit		select a Basic Type RevenueContra AssetsExpenseLiabilityDrawingsAssetContra LiabilityOwner's Equity		select an effect IncreasesDecreases		enter a Specific Account		enter a dollar amount
6.		Debit		select a Basic Type LiabilityContra AssetsContra LiabilityExpenseOwner's EquityRevenueAssetDrawings		select an effect IncreasesDecreases		enter a Specific Account		enter a dollar amount
		Credit		select a Basic Type RevenueDrawingsLiabilityExpenseAssetContra LiabilityOwner's EquityContra Assets		select an effect IncreasesDecreases		enter a Specific Account		enter a dollar amount
7.		Debit		select a Basic Type Contra LiabilityRevenueLiabilityContra AssetsDrawingsAssetExpenseOwner's Equity		select an effect IncreasesDecreases		enter a Specific Account		enter a dollar amount
		Credit		select a Basic Type LiabilityRevenueAssetExpenseContra LiabilityOwner's EquityDrawingsContra Assets		select an effect IncreasesDecreases		enter a Specific Account		enter a dollar amount
8.		Debit		select a Basic Type LiabilityAssetRevenueDrawingsContra AssetsContra LiabilityExpenseOwner's Equity		select an effect IncreasesDecreases		enter a Specific Account		enter a dollar amount
		Credit		select a Basic Type LiabilityRevenueAssetDrawingsOwner's EquityContra LiabilityContra AssetsExpense		select an effect IncreasesDecreases		enter a Specific Account

Oriole Services Company records adjusting entries on an annual basis. The following information is available to be used in recording adjusting entries for the year ended December 31, 2021. 1. 2. 3. 4. Prepaid insurance totalling $270 has expired. Supplies of $270 have been used. Annual depreciation on equipment is $1,120. Services related to unearned revenue of $170 were performed. Salaries of $720 are unpaid. Utility expenses for 2021 of $170 are unrecorded and unpaid. Services provided but not collected in cash or recorded total $920. Interest of $95 on a note payable has accrued. 5. 6. 7. 8. Prepare the adjusting journal entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) No. Date Account Titles and Explanation Debit Credit 1. Dec. 31 1 2. Dec. 31 3. Dec. 31 4. Dec. 31 5. Dec. 31 6. Dec. 31 7. Dec. 31 8. Dec. 31