05 23 pon eBook P Rec Assume it is now December 31, 2021, and Nicole has just completed her first year of operations at Nicole's Getaway Spa. After looking through her trial balance, she noticed that there are some items that have either not been recorded or are no longer up-to-date a Nicole's Getaway Spa is renting its space at a cost of $650 per month On September 1, 2021, Nicole paid eight months renta advance using cash. This prepayment was recorded in the account Prepaid Rent back in September The building purchased at the beginning of the year for $52.000 cash, has estimated depreciation of $2.500 for 2021, but none has been recorded yet. c Salaries and e ages to the support staff at Nicole's Getaway Spa have been paid up to December 26, 2021 The support staff worked t both December 27 and 28 and will be paid on January 5, 2022 Salaries and wages amount to $1,200 per day. The spa was closed December 29 10 31 d. The insurance policy purchased on June 1 for $3.300 cash, provides coverage for 12 months. The part of the insurance coverage for June to December has now been used up The unadjusted amount in the Spe Supplies account was $2,500 at December 31, 2021, for supplies purchased on account. A year end count showed $750 of supplies remain on hand On the last day of December a customer obtained spa services by using a $70 gift certificate that was purchased earlier in the month Use of the gift certificate to pay for these services had not yet been recorded. Required: 1. For each of the nems listed above, identify whether an accrual adjustment, a deferral adjustment, or no adjustment is required 2. For each of the deferral adjustments, prepare the intial journal entry that would have been recorded 3. Prepare the adjusting journal entries that should be recorded for Nicole's Getaway Spa at December 31, 2021 assuming that the tems have not been adjusted prior to December 31, 2021 Complete this question by entering your answers in the tabs below. Required 1 Required 3 For each of the deferral adjustments, prepare the initial journal entry that would have been recorded. (if no every requred for tamatonnant, sed ornal Entry Required in the first account field) Check my wor