Instructions: (b) Assuming that the books have been closed, what are the adjusting entries necessary at December 31, 2015? 1. A physical count of supplies on hand on December 31, 2015, totaled S1,100. 2. Accrued salaries and wages on December 31, 2015, amounted to $4,600. 3. Accrued interest on investments amounts to $4,200 on December 31, 2015 4. The unexpired portions of the insurance policies totaled S63,250 as of December 31, 2015 5. S64,000 was received on January 1, 2015 for the rent of a building for both 2015 and 2016. The entire amount was credited to rental income. 6. Depreciation for the year was erroneously recorded as $3,250 rather than the correct figure of $60,000. Q2 A partial trial balance of Julie Hartsack Corporation is as follows on December 31, 2015. Dr. Cr. $ 2,900 Supplies Salaries and wages payable Interest receivable Prepaid insurance Unearned rent Interest payable $ 1,500 5,200 87,000 15,000 Instructions: (a) Assuming that the books have not been closed, what are the adjusting entries necessary at December 31,2015? 1. A physical count of supplies on hand on December 31, 2015, totaled $1,100 2. Accrued salaries and wages on December 31, 2015, amounted to $4,600. 3. Accrued interest on investments amounts to $4,200 on December 31, 2015 4. The unexpired portions of the insurance policies totaled $63,250 as of December 31, 2015. 5. $64,000 was received on January 1, 2015 for the rent of a building for both 2015 and 2016 The entire amount was credited to rental income. 6. Depreciation for the year was erroneously recorded as $3,250 rather than the correct figure of S60,000