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Adjusting journal entries The unadjusted trial balance of Mighty Fine Services Inc. includes the following account balances at December 31, 2019, its fiscal year-end. No

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The unadjusted trial balance of Mighty Fine Services Inc. includes the following account balances at December 31, 2019, its fiscal year-end. No adjustments have been recorded. Assume all accounts have normal debit or credit balances. The following information applies to the fiscal year-end: a. The $600 prepaid insurance is for a one-year policy, effective September 1, 2019. b. A physical count indicates that $300 of supplies is still on hand at December 31. c. Interest on the bank loan is paid on the fifteenth day of each month; the unrecorded interest for the last 15 days of December amounts to $25. d. The Subscription Revenue account consists of a cash receipts for 6month subscriptions to the corporation's Computer Trends report; the subscription period began December 1 . e. Three days of salary amounting to $300 remain unpaid at December 31 , in addition to the previous week's salaries of $500, which have not yet been paid. f. The monthly rent expense amounts to $300. g. A bill for December truck operating expense has not yet been received; an amount of $400 is owed. Required: Prepare all necessary adjusting entries at December 31, 2019. General ledger account numbers and descriptions are not necessary

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