Arnez Company's annual accounting period ends on December 31. The following Information concerns the adjusting entries to be recorded as of that date. a. The Office Supplies account started the year with a $4,425 balance. During the year, the company purchased supplies for $18,275, which was added to the Office Supplies account. The inventory of supplies avallable at December 31 totaled $3,894 b. The Prepaid Insurance account had a $30,984 debit balance at December 31 before adjusting for the costs of any expins at yearcoverage for the year. An analysis of prepaid in end. c. The company has 15 employees, who earn a total of $2, 450 in salaries work in the five-day workweek ending on the previous Friday. Assum is a paid holiday, they will be paid salarles for five full days on worked the first two days of that week. Because N. Monday, January 6 of next year. d. The company purchased a building at the beginning of this yeation is $30,833. value at the end of its predicted 30-year life. Annual deprecire building it owns, it rented space to a the entived was credited to Rent Revenue. e. Since the company is not large enough to occupy the November 1 , and the amos out an agreement with the tenant, who has starting on November 1 . The rent was paid the December rent. The company hall on January 31. However, the tenant has not paid the and January rent in full on January 31 . promised to pay both December rented space to another tenant for to the Unearned Revenue account. f. On November 1 , the compayment was recorded with a credit advance on that date. The parting entries are made during the year. Required: 1. Use the information to prepare adjusting entries as of December 31 . 2. Prepare journal entries to record the first subsequent cash transaction in January of the next year for parts c and e. answers in the tabs below