P3-3A Journalize the adjusting entry needed on December 31. end of the current accounting period. for each of the following independent cases affecting Arvin Marketing Associates.

a. Each Friday, Arvin pays its employees for the current week's work. The amount of the pay- roll is $6,000 for a five-day workweek. The current accounting period ends on Thursday.

b. Arvin has received notes receivable from some clients for professional services. During the current year, Arvin has earned accrued interest revenue of $170, which will be collected next year.

c. The beginning balance of Supplies was $3,800. During the year, the entity purchased sup- plies costing $5,530, and at December 31. the inventory of supplies on hand is $2,970.

d. Arvin designed a marketing campaign, and the client paid Arvin $36.000 at the start of the project. Arvin recorded this amount as Unearned Service Revenue. The campaign will run for several months. Arvin estimates that the company has earned three-fourths of the total fee during the current year.

e. Depreciation for the current year includes: Office Furniture, $5,500; Building. $3.790. Make a compound entry, as illustrated in Chapter 2.

f. Details of Prepaid Insurance are shown in the account: PREPAID INSURANCE Jan. L Bal. 900 April 30 2,700 Arvin pays insurance each year on April 30. At December 31, part of the last payment is still in force.