ny began operations on January 1, 20x1. The company owns an office building ining 20 separate offices. Adjusting entries are prepared once a year, on December 31st Selected information is provided below pertaining to certa 1) A note receiveble exists, as follows in accounts at 12/31/x5. 12/1/x5 $6,000 4 months Dated: Term of note: Stated interest rate: 5% 2) A prepaid insurance account consists of two policies. The amounts indicated represent the full premium paid for the entire term of the policy Policy A: 3year polioys dated 3//s Total premium paid:8,100 2 year pollir dated /S Total premium palds4320 B: 8) The company purchased new heating equipment, applying the straight-line method of depreclation: Initia Date of acquisition: Estimated useful life: 12 Inadiusted balance in accumulated $ 80,000 depreciation account at 12/31/5: 9,000 4) Accounts payable are owed to suppliers of cleaning materlals for the building. Materials expense for the year The 1/1/x5 balance in accounts payable $ 23,000 The 12/31/x5 balance in accounts payable $ 1,750 $ 24,500 5) Two notes payable exist at year-end. For notes with terms exceeding one year, interest is payable annually, on the anniversary date of the note (e.& the interest for the first year for note payable A is due on 4/3/x5, etc.) For notes with terms less than one year, full Interest is paid when the note is due. Note payable A- dated: 4/1/x4 Term of rote stated interest rate: 4% 9/1/x5 $ 30,000 Note Payable 8 - dated: Term of note: stated interest rate: 9 months 5%