3-2A - Recording transactions and adjusting entries Iginla Inc. has a fiscal year end of December 31, 2017. Below are transactions that occurred during the year: On February 1, the company purchased a 1-year insurance policy for $4,800 cash. were counted at year end, and there were $450 remaining. useful life is 12 years, and there is no expected residual value. a.) b.) On May 17, the company purchased $2.000 of supplies on account. The supplies c.) On August 31, the company purchased a truck for S38.000. The truck's estimated d) On September 30, the company signed a note payable, borrowing $10,000 cash from a local credit union at an annual interest rate of 7%. They promised to repay $10,000 plus interest on May 1,2018. On November 1, the company loaned $1.000 cash to an employee. The employee promised to repay the company the principal plus 3% annual interest on January 31 2018. On November 20, the company received a S5,000 advance payment for cleaning services it would deliver for the months of December and January. As of December 31, it had succcssfully fulfilled its first month of obligation. e.) f) Required: For the transactions above, record a journal entry for the original transaction and record the required year-end adjustment. (If no journal entry is required, write "no entry")