e) c) ACCT 3011 INTERMEDIATE ACCOUNTING QUIZ #1 NAME Robert Richardson Provide December 31 year end adjusting entries for the following situations. a) On September 30, we received $3,000 for work that would begin in December. Upon receipt we credited Services Revenue in our books. By year end, $2,200 of the $3,000 had been earned b) At the beginning of the year, the Supplies account had a $200 balance. We bought $1,600 of supplies during the year and debited the Supplies Expense account at the time of purchase. At year end, there are $250 of supplies still on hand. The debit to Salaries Expense every other Friday is $25,000 for the ten-day work period. At year end, there are four days of accrued salaries to record. d) On May 1 we paid a one-year insurance premium of $1200 and debited Prepaid Insurance. On December 1, we paid the rent for December through February, and debited Rent Expense for the $8,100 total. an 8% 9-month note No interest has been recorded since