The trial balances before and after adjustment for Lane Company at October 31, 2014, which is the end of its fiscal year are as follows:

Instructions
Prepare the adjusting entries that were made.

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Before Adjustment Debit After Adjustment Debit Credit Credit $ 9,100 9,230 710 2,525 34,100 Cash Accounts receivable Supplies Prepaid insurance Equipment Accumulated depreciation-equipment Accounts payable Notes payable Salaries payable Interest payable Unearned service revenue E. Lane, capital E. Lane, drawings Service revenue Depreciation expense Insurance expense Interest expense Rent expense Salaries expense Supplies expense Totals $9,100 8,700 2,450 3,775 34,100 s 3,525 5,900 40,000 0 5,800 5,900 40,000 1,125 500 900 5,600 1oD 5,600 10,000 10,000 45,000 46,230 2,275 1,250 2,000 15,000 18,125 1,740 $106,055 0 1,500 15,000 17,000 $101,625 $101,625 $106,055