Determine whether the following transactions would result in an adjusting entry IN THE CURRENT YEAR using the dropdown menus provided.

In the current year, a large accounting firm purchases $$400$ worth of food for an office party using cash.

Yes or No$?$

A coffee shop pays their employees $$2,000$ for work done throughout the last two months of the year.

Yes or No$?$

A grocery store purchased flood insurance at the end of LAST year. The policy cost $$1200,$ which the store paid up front in cash. The insurance policy covers the $12$ months of the current year.

Yes or No$?$

A cleaning company has supplies worth $$20,000$ at the beginning of the year. At the end of the year, they have $$16,000$ left in the supplies account.

Yes or No$?$