Instructions. Please make sure to show your calculations for full credit. For each of the following, make sure you write the journal entries in good form, like I have done in class. Also note/label whether each situation is a deferred revenue, a deferred expense, an accrued revenue, or an accrued expense. Bridge Company keeps a small inventory of supplies used for cleaning and maintenance purposes. On January 1, 2016, the inventory of supplies on hand was $2,000. During the year, supplies purchased were debited to the supplies account in the amount of $6,500. On December 31, 2016, the amount of supplies in the storeroom was $1,750. The books are adjusted only at year-end. What is the adjusting entry on December 31, 2016? On November 1, 2018, Bug Busters collected $4,000 in advance for three months of service to be provided beginning on that date. Bug credited unearned rent revenue for $4,000. The books are adjusted only at year-end. What is the adjusting entry on December 31, 2018? On November 1, 2017, Bruce Company leased some of its office space to Fairlane Company and immediately collected $600,000 for twelve months rent in advance. Bruce debited cash and credited unearned rent revenue for $600,000. Prepare the December 31, 2017 adjusting entry Bruce should make in respect to the rent, assuming no adjusting entries have been made during the year. On February 1, 2016, L.D. Phi purchased office supplies during the year that cost $700 and placed the supplies in a storeroom for use as needed. The purchase was recorded as follows: a. At December 31, 2016, a count showed unused office supplies of $200 in the storeroom. There was no beginning inventory of supplies on hand. b. On December 31, 2016, L.D. Phi owed employees $2,000 for wages earned during December. These wages had not been paid or recorded. On November 1, 2018, F.F.A. leased some of its office space to the Ag. Ed. Club and immediately collected $100,000 for twelve months rent in advance. F.F.A. debited cash and credited unearned rent revenue for $100,000. Prepare the December 31, 2018 adjusting entry F.F.A. should make in respect to the rent, assuming no adjusting entries have been made during the year