Help Grammarly Tell me what you want to do Normal 1 No Spa..Heding 1 Heading2 Titleubtile Subtle Em.. Emphasis Intense E. Stron Styles P4-5A Prepare adjusting entries (LO 2 3), AP A review of the ledger of Lewis Company at December 31, 2017, produces these data pertaining to the preparation of annual adjusting entries 1.Prepaid Insurance $15,200. The company has separate insurance policies on its buildings and its motor vehicles. Policy B4564 on the building was purchased on July 1, 2016, for $9.600. The policy has a term of 3 years. Policy A2958 on the vehicles was purchased on January 1, 2017, for $7.200. This policy has a term of 18 months. building on November 1. At December 31, the company had the following rental contracts that are paid in full for the entire term of the lease Term (in months) Monthly Rent Number of Leases Dec. I 6 Rent revenue $84,000 S5,000 5 $8,500 4 . 3 Notes Payable $40,000. This balance consists of a note for 6 months at an annual interest rate of 7%, dated October 1 Salasies and Wages Payable S0. There are eight salaried employees. Salaries are paid every Friday for the curtent week. Five employees receive a salary of $600 each per week, and three employees earn $700 each per week. Assume December 31 is a Wednesday Employees do not work weekends. All employees worked the last 3 days of December 4 Prepare the adjusting entries at December 31, 2017