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Plover Corporation prepares monthlyfinancial statements. Below is a list of selected accounts and their balances onSeptember 30 before any adjustments have been made for the month of September.All accounts have normal balances.PLOVER CORPORATIONSeptember 30, 2022Cash...................................................................................................$12,300Supplies..............................................................................................2,700Equipment...........................................................................................16,800Accumulated depreciationEquipment...............................................560Accounts payable................................................................................1,100Deferredrevenue................................................................................1,500Common shares..................................................................................10,000Retained earnings...............................................................................18,925Rent revenue.......................................................................................6,360Salaries expense.................................................................................1,150Insurance expense..............................................................................5,400An analysis of the account balances provided the following additional information:1.A physical count of supplies revealed $1,500 on hand on September 30.2.A two-year insurance policy was purchased on September1 for $5,400 and was expensed in full.3.The equipment was purchased on July 1stfor $16,800 and has an estimated useful life of five years.4.Rent received in advance that remains unearned at September 30 is $400.5.Income tax of $600 is owed.InstructionsUsing the above information, prepare the adjustingentries that should be made by Plover on September 30 (adjusting entries are made on a monthly basis).(15 marks)

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