Atlas Company's Store Supplies account had a beginning balance of $870. Throughout the year the company purchased $1,700 in supplies. A physical count of the supplies showed 825$ of unused supplies available as of December 31, 2016. Prepare the required adjusting entry.

1. Atlas Company's Store Supplies account had a beginning balance of $870. Throughout the year the company purchased $1,700 in supplies. A physical count of the supplies showe of unused supplies available as of December 31, 2016. Prepare the required adjusting entry d $825 2. You have the following insurance policies Purchase Date Aug 1, 2013 Period Amount $2,880 $3,600 $1,920 yrs yrs rS Jan 1, 2014 Sep 1, 2016 The total premium for each p Prepaid Insurance account Insurance were properly recorded in all prior years.) premium for each policy was paid in full (for all months) at the purchase date, and the was debited for the full cost. (Year-end adjusting entries for Prepaid Prepare the adjusting journal entry for December 31, 2016. 3. You sold tic kets for 2 different concert series as summarized below: Number of Concerts in Number of Series remaining at Ticket SalesConcerts in Series December 31 2016 4 Sales Date when sold Amount Received July 1,2016 Aug 1, 2016 $4,500,000 $3,500,000 When you sold the tickets it was recorded in Unearned Concert Revenue. Prepare the required adjusting entry at December 31, 2016. 4. You made the following loans to two of your employees: Total Interest Loan Name Amount Loan Date Period on Loan $1,500 1 July 2016 10 months $2,500 1 Oct 2016 12 months $90 $120 John Q Alex Z Prepare the required adjusting entry for accrued interest on December 31,2016. Credit Debit Account Titles and Explanation Date