Do the next problem in excel form:

Ramond Company has hired you to prepare financial statements for the year ending $12/31.$ On your first day of work, your assistant comes to you with several items that could be classified as expenses or could be classified as assets. Based on your knowledge of accounting so far, determine whether the following items should be recorded as an expense or an asset.

On $12/31,$ Ramond paid $$14,000$ to rent office space for the next twelve months.

On $10/1,$ Ramond paid $$40,000$ for insurance that covered the company$$s property for the last quarter of the year.

On $6/1,$ Ramond purchased $$27,000$ in supplies, all of which were used by $12/31.$

On $12/31,$ Ramond purchased $$5,000$ worth of supplies for the coming month.