d) Journalize the following adjusting entries using the following information: An employee was short paid $500 for the month of January as it relates to wages. Seven hundred dollars ($700) of the commission received related to the month of February 2018 Rent was prepaid by approximately $1,500. The amount paid for insurance, represents the total amount for the entire year. For the first month of business, depreciation is calculated at 10% per annum on the straight-line basis on office furniture and office equipment, for motor vehicle and the rate is 5% per annum using the straight line basis; depreciation is charged to the accounts on a monthly basis. It appears that $3,700 of the J F Mills balance has to be written off as bad debt Note: when doing the adjusted T accounts, only the accounts that have been affected need to be done.