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2. D.D. Literature Corp. (DDLC) prints and sells poetry books. During 2021, the following entries were among those made in the accounting records of DDLC:

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2. D.D. Literature Corp. (DDLC) prints and sells poetry books. During 2021, the following entries were among those made in the accounting records of DDLC: 1/1/2021 Printing Equipment $ 250,000 Notes Payable $ 250,000 (Purchased equipment on credit. Note carries a 7% annual interest) $ 48,000 2/15/2021 Printing Supplies Inventory Cash (Purchased supplies for cash) $ 48,000 Added necessary facts The printing equipment is expected to be used for 6 years and then sold to a scrap dealer for about $10,000. DDLC has a calendar year end. The total annual accrued interest on the Note Payable will be paid in January on 1/1/2022. On 12/31/2021, the remaining printing supplies inventory was $2,200. On January 17" 2022, the phone bill came, with a statement of December's charges of $ 718. The DDLC employees, all five of them, received their last paychecks for two weeks work on Friday 12/24/2021, for a total for all five of $ 20,000. The employees all worked a normal full week up to Friday 12/31/2021, and thus have worked one full week, and will receive their next paycheck in January for two weeks work again, on Friday 1/7/2022 Write five adjusting entries for DDLC for 12/31/2021

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