3: Adjusting Journal Entries (8 Marks) Sunshine Corp. has a fiscal year end of December 31. Prepare the necessary adjusting journal entries for the company for the December 31, 2019 year end. a. The company has two employees who earn $150 and $85 per day, respectively. They are paid every Friday for a five-day work-week that begins each Monday. This year, December 31, 2019 is a Tuesday. b. On October 31, 2019, a tenant who rents the basement of the building owned by Sunshine Corp. paid $18,000, which represents 6 months' rent in advance. The amount I received was credited to the unearned rent revenue account. c. On January 1, 2019 the balance in the Office Supplies account was $2,950. During the year, office supplies costing $3,005 was purchased. On December 31, the Company prepared a physical inventory count of the office supplies and the count revealed that there were supplies worth $570 still on hand. d. Property taxes for the 2019 calendar year (January - December) were paid in full in the amount of $21,000 on March 1, 2019