Jeeves Painting Co. is at the end of its fiscal year December 31, 20X4 and needs to record its adjusting entries Adjustment data are as follows and date all adjustments as of December 31 a. Four months ago, Judy Bernstain made a $8,000 prepayment for the painting of her house. Jeeves r the original entry as Uneamed Painting Revenue. At Dec 31, one-fourth of the painting of the house remains to be done. b. Jeeves purchased a truck from St. Peters GMC on January 1, 20X4 at a cost of $20,000. The c. An employee, Mariah Carren, had eamed wages of $500 for the last week in December. She will not be paid d. Jeeves purchased a $24,000, four-year insurance policy from St. Charles Insurance four months ago. The e. Jeeves began painting Peggy Thompson's clubhouse in November at a price of $32,000. Jeeves determines expected to last 5 years with no expected salvage value. Prepare the adjusting enty to entry to record depreciation for the year for this long-lived asset until January 5 effective date of the policy was September 1, 20X4. that $20,000 of the revenue has been eamed by December 31. Thompson had not made any advance payment to Jeeves, and Jeeves had not billed Thompson for services rendered Date Accounts and Explanations PR Debit Credit