2 Adjusting Entries. The following information relates to the December 31 adjustments for Water Barrier, a firm providing waterproofing services for commercial and residencial customers The miscarends December 31 no adjusting entries ve been made during the year The impada 33.000 premium for a three year insurance policy, coverage to begin October. The premium payment was debited to Prepaid intrance 2. We wages for five day work well 1350 payable on Fridays December is a Thursday Water received 14260 in Fovember for services to be performed during December through ebruary of the following year. When received this amount was orded to Used Service feet by December one third of this amount was earned Water Barrier reches commission from the manufacturer on sales of a waterproofing went to Water Banners customers by December 3 Water Barnehadet/59.000 during November and December for which no comissions had been receved or recorded Dung December of costs of 525 were incurred to hear the firm's building because the monthly from the company has not yet and entrus been motor the amount of costs are charged to its Expenses The Supplies account has beo516,000 on December 3A count of supples on December indicates that 3,100 worth of supples resten and on December, Walter bare borrowed 50,000 from the banking note payable interest is not payable in the notes de near the end of the car. However, the stor becambe 105 Watersports in ottime in the orice building next door on December, Water Barrier received 13.000 avancements to cover in the con March of the following year wheneved, the 12.000 was credited to Unnamed Parking Fees Date Required Prepare the required December 31 adjusting entries in the general journal form. General Journal Description Ref. Debit Dec 31 0 To record insurance expense for October thru December. (2) Credit 05 ( 2) 31 0 0 oo (3) 0 0 To record accrued wages at December 31. 31 - To record fees received in advance that are earned by December 31 0 0 (4) 0 0 44 0 O To record commissions earned 31 (5) oo To record December fuel oil expense 31 (6) oo OO To record cost of supplies used O 31