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Arnez Company's annual accounting period ends on December 31, 2017. The following information concerns the adjusting entries to be recorded as of that date a.

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Arnez Company's annual accounting period ends on December 31, 2017. The following information concerns the adjusting entries to be recorded as of that date a. The Office Supplies account started the year with a $3,575 balance. During 2017, the company purchased supplies for $14765 which was added to the Office Supplies account. The inventory of supplies available at December 31. 2017, totaled $3,146 b. An analysis of the company's insurance policies provided the following facts Months of Policy Date of Purchas CoverageCost April 1, 2815 April 1, 2016 August 1, 2817 24 36 12 $11,400 10,224 9,000 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) Journal entry worksheet oints eBook Ask Record the adjusting entry related to the company's insurance. Print Note: Enter debits before credits. Transaction General Journal Debit Credit b

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