Paribus Janitorial Services engaged in the following transactions during the current year and properly recorded them in its balance sheet accounts.

Additional information:
a On 31 December the office supplies on hand totalled \(\$ 58\).
b All employees work Monday to Friday. The weekly payroll of Paribus Janitorial Services amounts to \(\$ 6000\). All employees are paid at the close of business each Friday for the previous five working days (including Friday). 31 December falls on a Thursday.
Required:
On the basis of the preceding information, prepare journal entries to record whatever adjustments are necessary on 31 December. Each journal entry explanation should show any related calculations.

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Date 1 Jan. 24 May 1 June 1 Jan. 1 Jan. Transaction Purchased cleaning equipment for $14 300, paying $3000 down and issuing a two-year, 12 per cent note payable for the balance. The equipment has an estimated life of 10 years and no residual value; straight-line depreciation is appropriate. The interest on the note will be paid on the maturity date. Purchased $330 of office supplies. The office supplies on hand at the beginning of the year totalled $145. Purchased a two-year comprehensive insurance policy for $990. Received six months' rent in advance at $550 per month and recorded the $3300 receipt as unearned rent. Accepted a $3000, six-month, 10-per-cent note receivable from a customer. The $150 total interest is to be collected when the note is collected.