Accruals and Deferrals The following balance founded in Golden Star accounting records at the year ended in 31/12/2012 Additional Information 1. The ending inventory of supplies were 10,800 2. Equipments depreciated 20% per year 3. The payroll accountant discovered that one of the employees received by mistake extra 500 on his salary 4. The company paid all accrued rent cash 5. The insurance contract which covers one year started on July. 1 2012 6. The contract of consulting revenue started on August. 1 for 1,200 monthly 7. The contract of advertising revenue started on September 15 for 1000 monthly Required: Prepare adjusting entries for 2012 Accruals and Deferrals The following balance founded in Golden Star accounting records at the year ended in 31/12/2012 Additional Information 1. The ending inventory of supplies were 10,800 2. Equipments depreciated 20% per year 3. The payroll accountant discovered that one of the employees received by mistake extra 500 on his salary 4. The company paid all accrued rent cash 5. The insurance contract which covers one year started on July. 1 2012 6. The contract of consulting revenue started on August. 1 for 1,200 monthly 7. The contract of advertising revenue started on September 15 for 1000 monthly Required: Prepare adjusting entries for 2012