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Amez Company's annual accounting period ends on December 31, 2019. The following information concerns and optimiz erta to be recorded as of that date. a.

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Amez Company's annual accounting period ends on December 31, 2019. The following information concerns and optimiz erta to be recorded as of that date. a. The Office Supplies account started the year with a $2,825 balance During 2019, the company purchased supplies for $11,657. which was added to the Office Supplies account . The inventory of supplies available at December 31, 2019, totaled 52,486 b. An analysis of the company's Insurance policies provided the following facit 26 Months of Coverage Policy A B Date of Purchase April 1, 2017 April 1, 2018 August 1, 2019 36 12 Cost $11,640 10,440 9,240 The total premium for each policy was paid in full (for all months) at the purchase date, and the Prepaid Insurance account was debited for the full cost. (Year-end adjusting entries for Prepaid Insurance were properly recorded in all prior years.) c. The company has 15 employees, who earn a total of $2,100 in salaries each working day. They are paid each Monday for thelt work in the five-day workweek ending on the previous Friday. Assume that December 31, 2019, Is a Tuesday, and all 15 employees worked the first two days of that week. Because New Year's Day is a paid holiday, they will be paid salaries for five full days on Monday, January 6, 2020. d. The company purchased a building on January 1, 2019. It cost $895,000 and is expected to have a 545,000 salvage value at the end of its predicted 25-year life. Annual depreciation is $34.000. e. Since the company is not large enough to occupy the entire building it owns, it rented space to a tenant at $2,500 per month, starting on November 1, 2019. The rent was paid on time on November 1, and the amount received was credited to the Rent Journal entry worksheet 1 2 Record the payment of accrued and current salaries. o Note: Enter debits before credits General Journal Debit Credit Date Jan 06 View general Journal Clear entry Record entry Recuted

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