On December 31, the end of the year, the accountant for Fireside Magazine was called away suddenly because of an emergency. However, before leaving, the accountant jotted down a few notes pertaining to the adjustments.

Journalize the necessary adjusting entries. Assume that Fireside Magazine uses the periodic inventory system.

a-b.		A physical count of inventory revealed a balance of $217,861. The Merchandise Inventory account shows a balance of $220,557.
c.		Subscriptions received in advance amounting to $160,978 were recorded as Unearned Subscriptions. At year-end, $109,883 has been earned.
d.		Depreciation of equipment for the year is $12,302.
e.		The amount of expired insurance for the year is $1,608.
f.		The balance of Prepaid Rent is $2,356, representing four months' rent. Three months' rent has expired.
g.		Three days' salaries will be unpaid at the end of the year; total weekly (five days') salaries are $4,250.
h.		As of December 31, the balance of the supplies account is $1,904. A physical inventory of the supplies was taken, with an amount of $963 determined to be on hand.

GENERAL JOURNAL				PAGE
DATE	DESCRIPTION	POST. REF.	DEBIT	CREDIT
20--	Adjusting Entries
(a) Dec. 31
(b) Dec. 31
(c) Dec. 31
(d) Dec. 31
(e) Dec. 31
(f) Dec. 31
(g) Dec. 31
(h) Dec. 31