Instructions The following are several transactions of Ardery Company that occurred during the current year and were recorded in permanent that is, balance sheet accounts unle indicated otherwise Date Transaction Apr 1 Purchased a delivery van for $10.000 paying $1.000 down, and issuing a 1-year 12% note payable for the $9.000 balance. It is estimated that the van has a 4-year life and an $800 residual value the company uses straight-line depreciation. The interest on the note will be paid on the maturity date May 15 Purchased 5850 of office supplies June 2 Purchased a 2-year comprehensive insurance policy for $960 Aug 1 Received 6 months' rent in advance at $250 per month and recorded the $1,500 receipt as Rent Revenue Sept 15 Advanced $600 to sales personnel to cover their future travel costs . 1 Accepted a $6,000. 6-month, 12% (annual rate) note receivable from a customer the interest to be collected when the note is collected The following information also is available 1. On January 1, the Office Supplies account had a $250 balance. On December 31, an inventory count showed $180 of office supplies on hand 2. The weekly (5-day) payroll of Ardery Company amounts to $2,000. All employees are paid at the close of business each Wednesday. A 2-day accrual is required for the current year 3. Sales personnel travel cost reports indicate that $450 of advances had been used to pay travel expenses. 4. The income tax rate is 30% on current income and is payable in the first quarter of next year. The pretax income before the adjusting entries is $8,655 Required: .. On the basis of the above information, prepare journal entries to record whatever adjustments are necessary to bring the accounts up to date on December 31 411 Sales Revenue 111 Cash 421 Rent Revenue 121 Accounts Receivable 122 Advances to Sales Personnel 431 Interest Revenue 141 Inventory EXPENSES 152 Prepaid Insurance 155 Office Supplies 500 Cost of Goods Sold 157 Interest Receivable 511 Insurance Expense 512 Utilities Expense 181 Equipment 189 Accumulated Depreciation 521 Salaries Expense 532 Bad Debt Expense LIABILITIES 536 Office Supplies Expense 211 Accounts Payable 540 Interest Expense 224 Interest Payable 541 Depreciation Expense 557 Selling Expenses 231 Salaries Payable 250 Unearned Rent 559 Miscellaneous Expenses 261 Income Taxes Payable 910 Income Tax Expense EQUITY 311 Common Stock 331 Retained Earnings GENERAL JOURNAL DATE ACCOUNT TITLE POST. REF DEBIT CREDI CREDIT Adjusting Entries 4 5 7 3 9 10 11 12 13 14 15 16