Here's the problem: For each of the deferral adjustments, prepare the initial journal entry that would have been recorded.

hapter 4- Continuing case cc4-1 Modified Adjusting the Accounting Records and then Some Assume it is now December 31, 2016 and Nicole has just completed her first year of operations at Nicole's Getaway Spa. After looking through her trial balance, she noticed that there are some items that have either not been recorded or are no longer up-to-date. a. Nicole's Getaway Spa is renting its space at a cost of $600 per month. On September 1 2016, Nicole paid eight months' rent in advance using cash. This prepayment was recorded in the account Prepaid Rent back in September. Deferral b. The building, purchased at the beginning of the year for $47,000 cash, has estimated depreciation of S2,000 for 2016 but none has been recorded yet. Deferral c. The Equipment purchased in Chapter 3 (i.e. May 30a) for $18,500, has estimated depreciation of S5,000 for 2016, but none has been recorded yet. Deferral d. Salaries and wages to the support staff at Nicole's Getaway Spa have been paid up to December 26, 2016. The support staff worked both December 27 and 28 and will be paid on January 5,2017. Salaries and wages amount to $1,000 per day. The spa was closed December 29-3 Accrual e. The insurance policy, purchased on June 1 for $3,000 cash, provides coverage for 12 months. The insurance coverage since June has been used up. Deferral f. The unadjusted amount in the Spa Supplies account was $2,000 at December 31, 2016 for supplies purchased on account. A year-end count showed S700 of supplies remain on hand. Deferral g. The Note Payable from Chapter 3 (i.e. May 30e) is due June 2017 has estimated Interest Expense thru December 31 2016 of $1,000, but none has been recorded yet. No adjustment h. (On the last day of December, a customer obtained spa services by using a $90 gift certificate that was purchased earlier in the month. Use of the gift certificate to pay for these services had not yet been recorded. Deferral i. Board of Directors declared a cash dividend in the amount of si,000 on December 31, 2016 to be paid on January 15, 2017. This dividend has not been recorded. No adjustment