Handy Person Carpentary fiscal year-end is December 31, 2022 and it prepares adjustments annually. Information is available at year-end for the preparation of adjusting entries. Do not record original entry. Prepare only the adjusting entry required at year-end. A vehicle purchased on September 1, 2022 for $50,500. The vehicle will have 10-year useful life. Use straight-line depreciation to record depreciation at year-end. A four-year insurance policy is purchased on January 1, 2022 for $6,400. The amount purchased was debited to prepaid insurance. Office supplies account has a $9,750 debit balance before adjustment. A physical count of office supplies revealed $4,500 of supplies is remaining on hand. The business has five employees who are each paid $200 per day. As of December 31, 2022 each employee is owed 3 days wages. On December 15, 2022 Handy Person Carpentry received $ 2,500 from a client for work to be performed in January 2023. On December 16 2022, Hany Person provided $ 5,500 of carpentry work for a client. The client has not paid and the amount owed has not been recorded The utility bills for November ($2,000) and December ($2,500) are unpaid and unrecorded on December 31, 2022. Signed $96,000 8% bank loan on December 1, 022. The interest for Dece ber, 2022 has not been paid or recorded. The amount of interest for December will be paid in January 2023. Journalize the transactions without explanations for December 31, 2022. 16 marks Paragraph - I U O A vehicle purchased on September 1, 2022 for $50,500. The vehicle will have 10-year useful life. Use straight- line depreciation to record depreciation at year-end. Date Account Title and Explanation Debit Credit A four-year insurance policy is purchased on January 1, 2022 for $6,400. The amount purchased was debited to prepaid insurance. Date Account Title and Explanation Debit Credit : Office supplies account has a $9,750 debit balance before adjustment. A physical count of office supplies revealed $4,500 of supplies is remaining on hand. Date Account Title and Explanation Debit Credit The business has five employees who are each paid $200 per day. As of December 31, 2022 each employee is owed 3 days wages. Date Account Title and Explanation Debit Credit On December 15, 2022 Handy Person Carpentry received $ 2,500 from a client for work to be performed in January 2023. Date Account Title and Explanation Debit Credit On December 16 2022, Hany Person provided $ 5,500 of carpentry work for a client. The client has not paid and the amount owed has not been recorded Date Account Title and Explanation Debit Credit The utility bills for November ($2,000) and December ($2,500) are unpaid and unrecorded on December 31, 2022. Date Account Title and Explanation Debit Credit Signed a $96,000 8% bank loan on December 1, 2022. The interest for December, 2022 has not been paid or recorded. The amount of interest for December will be paid in January 2023. Date Account Title and Explanation Debit Credit