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. ab. A physical count of inventory revealed a balance of $199,830. The Merchandise Inventory account shows a balance of $202,839.c.Subscriptions received in advance amounting to $156,200 were recorded as Unearned Subscriptions. At year-end, $103,120 has been earned.d.Depreciation of equipment for the year is $12,300.e.The amount of expired insurance for the year is $1,612.f.The balance of Prepaid Rent is $2,400, 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 $4,000.h.As of December 31, the balance of the supplies account is $1,800. A physical inventory of the supplies was taken, with an amount of $920 determined to be on hand.