D Not secure | Problem 3-04A A review of the ledger of Sheridan 1. Prepaid Insurance $10,580. The company has separate insurance Company at December 31, 2020, produces the following data pertaining to the preparation of annual adjusting entries. on the vehilcles was purchased on January 1, 2020, for $4,100. This policy has a term of 2 years s on ks buildngs and its motor vehides. Pulicy 84564 on the building was purchased on April 1, 2019, for $8,040. The policy has a ters of 3 33,200. The company began subleasing office space in its new builing on November 1. At December 31, the company had the following rental contracts that are paid in full for the Rent $5,200 $8,300 Dec. 1 3. notes payable $139,000. Thisbalance consists of a note for 9 months at an annual interest rate of 9%e dated November 1 4. Salaries and wages Payable so. There are 8 salaried employees. Salaies are paid every Friday for the current week. S employees receive salary of $730 each per week, and emplyees earn sso each pe week. Assume December 31 is a Tuesday. Employees do not work weekends. All employees worked the last 2 days of December Prepare the adjusting entries at December 31, 2020. (Credit account tatles are automatically indented when the amount is entered. De not indent maaly.) No. Date Account Ttles and Explanation Debit 1. Dec. 31 2. Dec. 31 3. Dec. 31 . Dec. 31 O Type here to search