On the AJE worksheet, prepare the adjusting journal entries in good form for the following items. Identify each entry by letter in Column B. Round all answers to the nearest dollar. You may omit explanations. Leave a blank row between each journal entry. All the accounts you need are given on the worksheet. Use only these accounts. Prepare journal entries and financial statements for the year ended December 31, 2017. No adjusting entries have been made since December 31, 2016. Do not use "Cash" accounts, only one balance sheet account and one income statment account.

a. Grizzlies, Inc. borrowed money by issuing a nine-month, $18,000, 8.0% note on October 1, 2017 with interest and principal to be paid on maturity.

b. On November 1, 2017, Grizzlies, Inc. rented storage space at a cost of $600 per month. On that date Grizzlies, Inc. recorded Prepaid Rent for five months rent paid in advance.

c. Grizzlies, Inc. recorded the purchase of $7,500 of shop supplies during the year by increasing the Shop Supplies account. A physical count of the shop supplies on December 31, 2017, shows $3,900 in shop supplies on hand.

d. Store supplies totaling $14,800 were purchased during the year and were immediately expensed. A physical count of the store supplies on hand December 31, 2017, indicates a balance of $2,100.

e. On April 1, 2017, Grizzlies, Inc. purchased a 24-month insurance policy for $11,200.

f. On July 1, 2017, Grizzlies, Inc. collected $14,000 for consulting services to be performed from July 1, 2017 to February 28, 2018. The company credited the Unearned Consulting Revenue account when paid.

h. Grizzlies, Inc. is open five days a week and has a daily payroll of $3,600. Employees are paid every Friday. Assume December 31 is a Wednesday. The payroll is allocated as follows: 30% of the payroll relates to office employees, and the balance relates to sales employees.

i. Depreciation for store equipment has been calculated to be $1,320 per month.

j. Depreciation for office equipment has been calculated to be $850 per month.

k. Utilities expenses of $1,300 were incurred, but not yet recorded. Utilities expense is allocated as follows: 14% relates to the office and the balance relates to the store.