accounting

Sleeping Beauty Incorporated is nalizing its December 31, 2021 year end. They record adjustments on a monthly basis. They have asked you to complete any required adjusting entries from the following information: a. On July l"t Aurora paid $2400 for a one year insurance policy and posted it to Pfepaid Insurance. As of December 3 l , 2021, the company had a balance of $3.20!] in ofce supplies. At year end a count was performed and said there was $530 of supplies still on hand. The accountant Prince Charming completed the 202] depreciation schedule using straight-line depreciation, 1which showed the total depreciation expense for the month should be $11800. The three fairy godmothers who work at the plant are each paid $500 a day from Monday to Friday. They are paid on Saturday of each week. December 31, 2021 falls on aWednesday this year. Sleeping Beauty Incorporated is providing management services to Wicked Witch Productions Limited for $25K!) per week to be billed every four weeks starting December 16. 2G2]