. 2) Make the adjustments entries for the following transactions before preparing the final accounts for Cowell LLC company: On the 25th of November 2021, the business purchased supplies for 10000 cash. On 31* of December, 2021 the business found out that the supplies still on hand were 5000 only. The business has a Equipment with book value of 8000, with annual depreciation rate of 12%. Onthelst of August the business purchased a one-year insurance policy for 1800. Prepare the adjusting entry on 31 of December 2021. The employees are paid salaries on the 296 of each month. Prepare the adjusting entry of 5000 of the employees' salaries that are not yet paid on the 31 of December, 2021