1. The supplies asset account balance December 31st was $4,000. In the supply storeroom, it was de were remaining. Make the adjusting entry for December 31st to reflect this. 2. An insurance policy bought on August 1st, 2014 for $6,000 was to last for four (4) years. What was 1 3. Employees are paid $2,400 every two (2) weeks. Make the adjusting entry for June 30th if the last p 4. On May 28th the Senior Accountant informs you that approximately 1% of all sales on account this account amounted to $15,547. (Stage 1). 5. On December 31, the Accounting Manager decides that all uncollectable accounts should be writter Currently the value of these accounts is $1,750. (Stage 2) 6. Machinery purchased January 1st, 2015 for $49,000 was expected to last for 40 years and would be straight-line method of amortization. What is the entry for May 31st, 2015? 7. Office Equipment purchased for $30,000 January 1st, 2015 is amortized at the rate of 20% per year $500. What is the entry for February 28th, 2015? 8. A truck purchased for $20,000 has accumulated amortization of $6,000 on January 1st and is amort period ending June 30th