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Natsu Co.'s annual accounting period ends on October 31, 2010. The following information concerns the adjusting entries that need to be recorded as of that

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Natsu Co.'s annual accounting period ends on October 31, 2010. The following information concerns the adjusting entries that need to be recorded as of that date. a. The office supplies account started the fiscal year with a $600 balance. During the fiscal year, the company purchased supplies for $4.570, which was added to the Office Supplies account. The supplies available at October 31, 2010, totaled $800. b. An analysis of the company's insurance policies provided the following facts. The total cost for each policy was paid in full (for all months) at the purchase date, and the Prepaid Insurance account was debited for the full cost. (Year-end adjusting entries for Prepaid Insurance were properly recorded in all prior fiscal years.) c. The company has four employees, who earn a total of $1,000 for each workday. They that each Monday for their work in the five-day workweek ending on the previous Friday. Assume that

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