An analysis of the account balances to the company's accountant provided the following additional information: 1. A physical count of supplies revealed $1,400 on hand on December 31 2. A two-year life insurance policy was purchased on January 1 for $3,600 3. The amount of rent received in advance that remains unearned at December 31 is $700. 4. Al Maha Hotel borrowed $20,000 by signing a 10%, one-year sote on July 1, 2020 5. Al Maha Hotel pays its employees total salaries of $11.000 every Monday for the preceding 5-day week (Monday-Friday) On Monday, December 27, 2020, employees were paid for the wock ending December 24, 2020. All employees worked the five days ending December 31, 2020 Instructions Using the above additional information, record the adjusting entries that should be made by Al Maha Hotel on December 31 Answer Transaction Account title Debit Credit End of the questions