1 (of 6) 1 0.83 points Problem 4-234 LO 4-2, 4-4] the year have been joumalized and posted The following information has been gathered for the adjustment process as of December 31,2016: B) The $1,500 premium relatin C) The D) On September 30, 2016, a customer paid S9.500 in advance for services. Of this amount, 30% was g to a one-year insurance policy was paid on 1, 2016 equipment, which was purchased last year, depreciates at a rate of $1,300 per year. eamed as of 12/31/16. are paid $2,600 on Fridays for the 5-day work week, which ends on that Friday. 31, 2016 falls on a Thursday However, The company has completed $560 of work for customers; the customers have not yet been billed and he related revenue has not been recorded. Required transactionlevent, select "No Journal Entry Required" in the first account field.) Journal entry worksheet 2 6 Record adjusting entry given that the supplies account shows a balance of $990. A count of supplies revealed $320 on hand at 12/31/16