Description Pick one of the following adjustments, and tell which financial statement or statements will be effected if the adjustment is not made. In addition, pick another student's post that is an adjustment different from the one you chose. Reply to the post, telling that student if you agree or disagree with their answer, and why. 1. Depreciation on equipment is $120 for the accounting period. 2. Interest owed on a loan but not paid or recorded is $175. 3. There was a beginning balance of $2,200 in the supplies account. At the end of the period $345 of supplies were on hand. 4. Prepaid insurance had a $1,200 balance prior to adjustment. By month end $300 had expired. 5. Accrued salaries at the end of the period amounted to $750. 6. Service amounting to $3,000 was performed for a customer, but the customer was not yet charged for that service