Journalize the adjusting entry needed at December 31 for each situation. Use the Chart of Accounts to review account names!

Chart of Accounts \begin{tabular}{|l|l|} \hline 220 & Interest Payable \\ \hline 225 & Dividends Payable \\ \hline 235 & Unearned Revenue \\ \hline 250 & Notes Payable \\ \hline 255 & Mortgages Payable \\ \hline 260 & Premium on Bonds Pay \\ \hline 301 & Common Stock \\ \hline 315 & Retained Earnings \\ \hline 320 & Dividends \\ \hline 325 & Income Summary \\ \hline 410 & Service Revenue \\ \hline \hline \end{tabular} The unadjusted balance of Office Supplies at Dec. 31 is $4,700 and at year end the office supplies on hand totaled $1,700. Dec. 31 Jan. 1 e policy for $5,280 was purchased on November 1 of the current year. Record the transaction for the year ended December 31. Employees earned $2,300 in salaries that will be paid next month. \begin{tabular}{|l|l|} \hline 430 & Interest Revenue \\ \hline 505 & Advertising Expense \\ \hline 510 & Delivery Expense \\ \hline 515 & Depreciation Expense \\ \hline 520 & Insurance Expense \\ \hline 525 & Interest Expense \\ \hline \hline 535 & RepairsandMaintenanceExpense \\ \hline 540 & Rent Expense \\ \hline 545 & Salaries Expense \\ \hline 550 & Supplies Expense \\ \hline 555 & Utilities Expense \\ \hline \hline \end{tabular} \begin{tabular}{|l||l||} \hline 151 & AccumulatedDepreciation-Equipment \\ \hline 155 & Furniture \\ \hline 156 & AccumulatedDepreciation-Furniture \\ \hline 160 & Office Furniture \\ \hline \hline 161 & AccumulatedDepreciation-OfficeFurniture \\ \hline 165 & Truck \\ \hline 166 & AccumulatedDepreciation-Truck \\ \hline 170 & Land \\ \hline 175 & Copyright \\ \hline 178 & Franchise \\ \hline 180 & Patent \\ \hline 182 & Trademark \\ \hline 201 & Accounts Payable \\ \hline 205 & Rent Payable \\ \hline 210 & Salaries Payable \\ \hline 215 & Utilitipc Pavable \\ \hline \end{tabular}