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Taslima Hasan is operating her own clinic business, TH Chamber. The trial balance for TH Chamber at March 31, 2021 is shown below. The company prepares quarterly financial statements. Account Titles . . . . . . . . . . . . . Debit ($) . . . . . . . . . . . Credit ($) Cash. . . . . . . . . . . . . . . . . . . . . . .12160 Accounts Receivable . . . . . . . . 2300 Supplies . . . . . . . . . . . . . . . . . . . 2300 Prepaid Insurance . . . . . . . . . . . 2800 Equipment . . . . . . . . . . . . . . . . . 6000 Furniture. . . . . . . . . . . . . . . . . . . 6700 Accounts Payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4000 Unearned Service Revenue . . . . . . . . . . . . . . . . . . . . . . . . 3000 Owner's Capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19000 Service Revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7200 Salaries Expense . . . . . . . . . . . . 7700 Utilities Expense . . . . . . . . . . . . 140 Loan . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6900 Total . . . . . . . . . . . . . . . . . . . . . . 40100 . . . . . . . . . . . . . . . 40100 Instructions: Prepare the adjusting entries for the 3-month period January 1, 2021March 31, 2021. - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Adjustment 1. 1. The annual loan interest rate is 12%. (The loan was taken on February 1, 2021)

Account to be debited is

unanswered

Account to be credited is

unanswered

Amount is $ ________

unanswered

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Adjustment 2. 2. A count on March 31, 2021 shows $460 of supplies on hand.

Account to be debited is

unanswered

Account to be credited is

unanswered

Amount is $ ________

unanswered

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Adjustment 3. 3. There are five salaried employees in the company. Salaries are paid every Thursday for the current week. The five employees receive a salary of $700 each per week. Employees work five days a week (Sunday to Thursday) and they do not work on weekends (Friday and Saturday). Assume March 31 is a Tuesday. All the employees work through March 31st.

Account to be debited is

unanswered

Account to be credited is

unanswered

Amount is $ ________

unanswered

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Adjustment 4. 4. TH Chamber has separate insurance policies on its equipment and its furniture. Policy A on the equipment, which was purchased on August 1, 2020 for $2400 has a term of 1 year. Policy B on the furniture, which was purchased on February 1, 2021 for $1368 has a term of 4 years.

Account to be debited is

unanswered

Account to be credited is

unanswered

Amount is $ ________

unanswered

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Adjustment 5. 5. Invoices representing $4500 of services performed during the quarter have not been recorded as of March 31, 2021.

Account to be debited is

unanswered

Account to be credited is

unanswered

Amount is $ ________

unanswered

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