Flint Hills, Inc has prepared a year end 2021 trial balance Certain accounts in the trial balance do not reflect all activities that have occurred The Supplies account shows a balance of $560, but a count of supplies reveals only $220 on hand Flint Hills initially records the payments of all insurance premiums as expenses The trial balance shows a balance of $430 in Insurance expense A review of insurance policies reveals that $130 of insurance is unexpired Flint Hills employees work Monday through Friday, and salaries of $2,500 per week are paid each Friday Flint Hills' year end falls on Tuesday On December 31, 2021, Flint Hills received a utility bill for December electricity usage of $200 that will be paid in early January of 2022 Required Prepare adjusting journal entries, as needed, for the above items (If no entry is required for a transaction event, select No journal entry required in the first account field ) JOURNAL ENTRY WORKSHEET 1) The Supplies account shows a balance of $560, but a count of supplies reveals only $220 on hand 2) Flint Hills initially records the payments of all insurance premiums as expenses The trial balance shows a balance of $430 in Insurance expense A review of insurance policies reveals that $130 of insurance is unexpired 3) Flint Hills employees work Monday through Friday, and salaries of $2,500 per week are paid each Friday Flint Hills' year end falls on Tuesday 4) On December 31, 2021, Flint Hills received a utility bill for December electricity usage of $200 that will be paid in early January of 2022

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Flint Hills, Inc. has prepared a year-end 2021 trial balance. Certain accounts in the trial balance do not reflect all activities that have occurred. The

Flint Hills, Inc. has prepared a year-end 2021 trial balance. Certain accounts in the trial balance do not reflect all activities that have occurred.

The Supplies account shows a balance of $560, but a count of supplies reveals only $220 on hand.
Flint Hills initially records the payments of all insurance premiums as expenses. The trial balance shows a balance of $430 in Insurance expense. A review of insurance policies reveals that $130 of insurance is unexpired.
Flint Hills employees work Monday through Friday, and salaries of $2,500 per week are paid each Friday. Flint Hills' year-end falls on Tuesday.
On December 31, 2021, Flint Hills received a utility bill for December electricity usage of $200 that will be paid in early January of 2022
Required:Prepare adjusting journal entries, as needed, for the above items. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

JOURNAL ENTRY WORKSHEET

1) The Supplies account shows a balance of $560, but a count of supplies reveals only $220 on hand.

2) Flint Hills initially records the payments of all insurance premiums as expenses. The trial balance shows a balance of $430 in Insurance expense. A review of insurance policies reveals that $130 of insurance is unexpired.

3) Flint Hills employees work Monday through Friday, and salaries of $2,500 per week are paid each Friday. Flint Hills' year-end falls on Tuesday.

4) On December 31, 2021, Flint Hills received a utility bill for December electricity usage of $200 that will be paid in early January of 2022.