John is a fishing guide offering services to a variety of clients. The following information is needed to record end-of-year adjusting entries. The company only records adjustments at year end. Prepare adjusting entries for each of the following transactions. Account titles and amounts are to be selected from the choices found in the drop down pick lists associated with each entry. A check mark will appear beside a correct entry. John Company has a boat. The asset records indicate that annual depreciation is $2,833.

(a)John Company has a boat. The asset records indicate that annual depreciation is $2,833.GENERAL JOURNAL DateAccountsDebitCreditDec. 31- - (b)During the current year some clients began prepaying for future services. Total collections under prepayment plans were $7,082, of which 75% had been earned by the end of the year.GENERAL JOURNAL DateAccountsDebitCreditDec. 31- - To recognize earned portion of client prepayments(c)John Company advertises in a local newspaper. On December 1, the company prepaid $2,256 for a three-month advertising campaign that began immediately. The prepayment was initiall recorded as prepaid advertising.GENERAL JOURNAL DateAccountsDebitCreditDec. 31- - To record consumption of advertising services to date(d)Services provided to clients, which have not yet been billed, amount to $1,574.GENERAL JOURNAL DateAccountsDebitCreditDec. 31- - To record earned, but unbilled services provided to customer.(e)John purchased an annual insurance policy on October 1 for $129. On October 1, the policy was initially recorded as prepaid insurance.GENERAL JOURNAL DateAccountsDebitCreditDec. 31- - To adjust insurance expense(f)The company began the year with $40,000 of supplies inventory, purchased an additional $75,000 (which was recored as Supplies), and ended the year with $25,000.GENERAL JOURNAL DateAccountsDebitCreditDec. 31- - To adjust supplies inventory to reflect portion used(g)As of December 31, accrued interest on loans owed by John is $630.GENERAL JOURNAL DateAccountsDebitCreditDec. 31- - Top record accrued interest on loan