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Adjusting entries please A file entitled Computer Project has been placed on MOODLE for you to download and save. This file contains 7 worksheet tabs.

Adjusting entries please
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A file entitled "Computer Project" has been placed on MOODLE for you to download and save. This file contains 7 worksheet tabs. You have been given the unadjusted trial balance for Hullie &Oates Company as of 12/31/11. Hullie & Oates Company prepare financial statements annually Your required tasks are as follows . On the designated worksheet, prepare in journal entry form the adjusting journal entries for the following items (Round all numbers to the nearest dollar) On April 1, 2011 a 12-month insurance policy was purchased for $18,000 b. On January 1, 2011 Hullie & Oates paid Gretsky Advertising $48,000 for two years of advertising services. Equal services are provided in year 1 and year 2 c. Hullie & Oates needed some additional storage space so on November 1, 2011 they rented a unit for an annual rate of $10,200. The entire amount was expensed when paid d $4,250 of store supplies were purchased during the e $6,500 of office supplies were purchased during the rOn July 1, 2011, Hullie & Oates issued a 9-month year and the asset store supplies was increased $3,850 of these supplies were used during the year year and were immediately expensed. $1,500 of these supplies remained at the end of 2011 note receivable to Shanahan &Co. at an annual interest rate of 7%. Principle and interest will be paid at the end of the 9-months. The note was recorded in Notes Receivable and is the only note outstanding Depreciation for the year is based on the following: Straight line depreciation Store equipment Assets were held for the entire year, Residual Value- $7,000; Service

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