HOMEWORK #4 Due October 4, 5:00 pm 10 points Download the "Homework 4 Student Workbook" on D2L to answer ALL questions PART A: Sparty Corporation adjusts its accounts only at year-end. The following information is available as a source for preparing adjusting entries at December 31, 2018. 1. On September 30, 2018, Sparty sold 100 one-year subscriptions for their monthly publication at $60 each, with the subscriptions starting October 1. The total amount received was credited to Unearned Subscription Revenue. 2. On August 1, 2018, Sparty paid $36,000 for a three-year insurance policy and Sparty recognized the entire amount as a debit to prepaid insurance. 3. The company failed to recognize $5,000 in rent owed to them by another company that rents a part of Sparty's building. 4. The Supplies Inventory account had a $35,000 balance at the beginning of the year (January 1, 2018). During the year, $8,000 of supplies were acquired, with the Supplies Expense account debited at the time of purchase. The supplies count at the end of the year (December 31, 2018) showed $20,000 of supplies still on hand. Required: A. For each of the above numbered items, prepare the necessary adjusting journal entry. If no adjusting entry is required, explain why. Put the adjusting journal entries in the worksheet tab titled "Part A, Question A