a. The details of Prepaid Insurance are as follows: Prepaid Insurance Jan 1 Bal 2,800 Mar 31 3,300 Greens prepays insurance on March 31 each year. At December 31, $1,300 is still prepaid. b. Greens pays employees each Friday. The amount of the weekly payroll is $6,300 for a five-day work week. The current accounting period ends on Tuesday. C. Greens has a note receivable. During the current year, Greens has earned accrued interest revenue of $600 that it will collect next year. d. The beginning balance of supplies was $3,200. During the year, Greens purchased supplies costing $6,100, and at December 31 supplies on hand total $2,200. e. Greens is providing services for Shark Investments, and the owner of Shark paid Greens an annual service Consider each of the following independent cases: (Click the icon to view the independent cases.) Requirement 1. Journalize the adjusting entry needed on December 31, the end of the current accounting period, for each of the independent cases affecting Greens Corporation. Include an explanation for each entry. a. Details of the Prepaid Insurance account reveal a January 1 (beginning of the year) debit balance of $2,800 and a debit to the account on March 31 for $3,300 to record the payment of an annual insurance premium. At December 31, $1,300 is still prepaid. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Journal Entry Date Accounts and Explanation Debit Credit Dec 31 b. Greens pays employees each Friday. The amount of the weekly payroll is $6,300 for a five-day work week. The current accounting period ends on a Tuesday. Journal Entry Date Accounts and Explanation Debit Credit Dec 31 c. Greens has a note receivable. During the current year, Greens has earned accrued interest revenue of $600 that it will collect next year. Journal Entry Date Accounts and Explanation Debit Credit Dec 31 d. The beginning balance of supplies was $3,200. During the year, Greens purchased supplies for $6,100, and at December 31 the supplies on hand total $2,200. Journal Entry Date Accounts and Explanation Debit Credit Dec 31 e. Greens is providing services for Shark Investments, and the owner of Shark paid Greens $12,100 as the annual service fee. Greens recorded this amount as Unearned Service Revenue. Greens estimates that it has earned 60% of the total fee during the current year. Journal Entry Date Accounts and Explanation Debit Credit Dec 31 f. Depreciation for the current year includes Office Furniture, $3,300, and Equipment, $6,000. (Make one journal entry for all depreciation.) Journal Entry Accounts and Explanation Date Debit Credit Dec 31