Aloha Painting Company has reached the end of its first fiscal year, November 30, 2019. Prepare any ADJUSTING JOURNAL ENTRIES required for Aloha Painting Co. at November 30, 2019 for a) to e) below. Assume that all original transaction entries were recorded and posted correctly. Omit explanations and do not prepare the original journal entries.

a) On November 4, 2019 Aloha Painting received a $6,000 advance payment from Charlie Client as a deposit for a painting job to be done in November, December and January. This receipt had been credited to Unearned Painting Revenue. At November 30, 2019 the company estimated they had earned 30% of the advance payment.

b) Aloha Painting has an agreement with Cassie Customer to provide painting services for November and December for $2,200 per month. The required work was done for November. Cassie has not yet been billed, but will be billed when the job is complete, i.e. at end of December.

c) On March 1, 2019, Aloha Painting purchased machinery for $46,000. It will be used for five years, and its estimated residual value is $6,000.

d) On February 1, 2019, Aloha Painting purchased a one year insurance policy and debited Prepaid Insurance. This policy covers the fiscal year from February 1, 2019 to January 31, 2020 and had cost $1,440.

e) On March 1, 2019, Aloha Painting agreed to allow another company (DC Painting) to store equipment and paint in Alohas facility for $200 per month. A six month prepayment was paid upon signing of the agreement, but DC will not have to make the next payment until the first anniversary date of the agreement, at which time they will pay any outstanding storage fees to bring their account up to date.