David's Services provides general home maintenance to customers. The company's fiscal year- end is December 31. The December 31, 2021, trial balance (before any adjusting entries) appears below. Accounts Debits Credits Cash $18,100 Accounts Receivable 16,200 Supplies 20,400 Prepaid Rent 15,000 Equipment 95,000 Accumulated Depreciation $27,200 Accounts Payable 10,500 Salaries Payable -0- Utilities Payable Interest Payable Notes Payable Common Stock Retained Earnings Dividends -0- -0- 40,000 24,000 10,500 2,500 Service Revenue 224,900 Salaries Expense 158,500 Depreciation Expense -0- Rent Expense Supplies Expense -0- -0- Utilities Expense 11,400 -0- Interest Expense Totals $337.100 $337,100 Information necessary to prepare the year-end adjusting entries appears below. a. Depreciation on the equipment for the year is $13,600. b. Employees' salaries are paid every two weeks. The last pay period ended on December 23. Salaries earned from December 24 through December 31, 2021, are $4,200. c. On August 1, 2021, David's borrows $40,000 from a local bank and signs a note. The note requires interest to be paid annually on August 31 at 12%. The principal is due in four years. d. On April 1, 2021, the company pays $15,000 for rental equipment for the next 12 months. The entire $15,000 was debited to Prepaid Rent on April 1. e. $3,000 of supplies remains on hand at December 31, 2021. f. On December 30, David's receives a utility bill of $1,900 for the month. The bill will not be paid until early January, 2022, and no entry was recorded when the bill was received. Adjusting Entries: 1. The employees of Neat Clothes work Monday through Friday. Every Friday the company issues payroll checks totaling $32,000. The current pay period ends of Friday, July 3 Neat Clothes is now preparing quarterly financial statements for the three months ended June 30. What is the adjusting entry to record accrued salaries at the end of June? 2. On September 15, 20x6, Oliver Mortuary received a $6,000, nine month note bearing interest at an annual rate of 10% from the estate of Jay Hendrix for services rendered. Oliver's has a December 31 year end. What adjusting entry would the company record on December 31, 20X6? 3. Yummy Foods purchased a two year fire and extended coverage insurance policy on August 1, 20X6 and charged the $4,200 premium to insurance expense. At its December 31, 20X6 year end, Yummy Foods would record what adjusting entry? 4. On 12/31/x1 Larry's Used Cars had balances in its AR and Allowance for Bad Debts accounts of $53,600 and $1,325, respectively. During 20x2 Larry's wrote off $1,455 in AR and determined there should be an allowance for bad debts of $1,280 on 12/31/x2. Bad Debt Expense for 20x2 would be: 5. Carolina Mills purchased $270,000 in supplies this year. The supplies account increase by $10,000 during the year to an ending balance of $66,000. What was supplies expense for Carolina Mills during the year