Requirement 1. Explain the purpose for each adjusting entry Entry a. b. Purpose of adjusting entry To record accrued revenues To record accrued salaries. To record depreciation expense on the building To record depreciation expense on equipment To record salaries paid To record supplies used d. e. To record the cash coliection from service revenue chose tic To record the purchase of a building 3 arts To record the purchase of equipment remaisi To record the purchase of supplies