i have started the problem but I am not sure I am right. Please refer to the document.
12/31 12/5) 17/1 (2/31 05/15 @:/b 3/b 2017. Problem 4 Date Account Date |Account Suppws Cash Cadial Prepaid freight oud ending balance in supplies was $400. Gas n Inreotry Please omit journal entry descriptions. (3 Points per entry) expeas ra sulone entries for each situation. You must show your calculations for full points. BookLove, an independent bookstore, had the following separate situations DR statements at December 31, 2017 and has asked you to prepare the adjusting the month (December), an additional $1,200 of supplies were purchased. The occur during 2017. The company's accountant is preparing the annual financial a) The Supplies account had a beginning of the month balance of $450. During DR b) On September 1, 2017, the company prepaid for annual insurance in the amount of $52,000. The last adjusting entries were made on September 30 LiSo 41 353. 3 L'991 2n CR 2so 52, vvv 2018. lol ( lol Date Account 12/28 Lalry Date Account these accounts. I298 Salwies Poyahh Revenue Uncomes en pease c) Employees will earn $42,000 for the five day week starting Monday, December 28. Thursday is the end of the year. Employees were paid through the previous Friday and will not be issued another paycheck until January 1, are sent a comic book every month. They paid $360 each for the annual subscription. As of 12/31/18, no adjusting entries have been recorded for DR d) On October 1st, 35 customers paid for a comic book subscription where they 33 / 600 ajuso CR CR 23, 6co 4 4So Date Account boookshelves. Sept 1, 2017. Interest on the loan is 7% and the shelves will depreciate at e & f) The company took out a loan of $120,000 to purchase bookshelves on 80, 2017. Record the end of year adjusting entries related to the loan and $24,000 per year. The last adjustments for this purchase were made on Sept