A review of the ledger of Kinsley Company at December 31, 2019, produces the following data 1: There are eight salaried employees in the company. Salaries are paid every Thursday for the current week. Five employees receive a salary of 5900 each per week, and three employees earn $700 each per week. Employees work five days week (Sunday to Thursday, two days are unpaid and free). Assume December 31 is a Tuesday. All the employees work through December 31st. 2: The supplies account began the year with a balance of $2000. During the year, supplies in the amount of $ 1400 were purchased. At the end of the year the supplies on hand was 52200 3: Kinsley Company signed a $6.000, 3-month note payable on November 1. The note requires Kinsley to pay interest at an annual rate of 14% 4: On December 1, 2019. Kinsley Company collected $36000 for services to be performed from December 1, 2019 through March 31, 2020.It is expected that same amount of service will be provided every month. 5: Kinsley Company purchased a one-year insurance policy on September 1 for $12,000, 6: The office furniture was bought for $30000 on September 1, 2019. The furniture has 5 year life with no salvage value Instructions: Prepare the annual adjusting entries needed at December 31, 2019