4) Adjustments (10 points) Saul Goodman, attorney-at-law, uses eman, attorney-at-law, uses the crual basis of nine for preparing annual financial statemem year end). Using the information below. prepare the adjustments entries required cacto correctly adjust the accounts of Saul Goodman attorney-at-law, to reme its of Saul Goodman, attorney-at-law, to reflect revenues earned and penses incurred in the current year, wear. For any deferrals, assume the initial cash cash transaction has already been correctly recorded On October 1, Year 2, the company paid $7,200 to le immediately. Year 2. the company paid $7.200 to lease office space for one year beginning On January 1, Year 2, the Supplies account had a balance of $1.200, During the year, the company purchased $3,400 of supplies for cash On December 31 Year 2. Saul determined that there were $1,400 of supplies on hand. On December 31, Year 2, Saul owed $4,500 in salaries to employees who had won but will not be paid until January, Year 3. wed $4,500 in salaries to employees who had worked during December On September 1, Year 2, Saul signed a contract and collected $9.000 in revenue in advance from client for advisory services for a one-year period bepinning on that date. Assume revenue is earned evenly over the 12 month period of the contract.) CREDIT DEBIT ACCOUNT TITLE DATE 12/31/42 12/31/42 12/31/Y2 12/31/Y2 Page 80