oved Check my work mode: This shows what is correct or incorrect for the work you have completed so Arnez Company's annual accounting period ends on December 31, 2018. The following information concerns the adjusting entries to be recorded as of that date. . The Office Supplies account started the year with a $4,000 balance. During 2018, the company purchased supplies for $13.400. which was added to the Office Supplies account the inventory of supplies available at December 31, 2018, totaled $2.554 b. An analysis of the company's Insurance policies provided the following facts Policy Months of Coverage Date of Purchase April 1, 2016 April 1, 2017 August 1, 2018 Cost $14. Gee 12,95e 2, 4ee The total premium 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 years.) c. The company has 15 employees, who earn a total of $1.960 in salaries each working day. They are paid each Monday for their work In the five-day workweek ending on the previous Friday. Assume that December 31, 2018 Tuesday and all 15 employees worked the first two days of that week. Because New Year's Day is a paid holiday they will be paid Solares for five full days on Monday, January 6, 2019 d. The company purchased a building on January 1. 2018. It cost $960.000 and is expected to have a $45.000 salvage value of the end of its predicted 30-year life. Annus cepreciation is $30.500 e. Since the company s not large enough to occupy the entire ouloing towns. trented space to a tenant or 55.000 per month starting on Novembe1. 2018. The rent was aldonimeon November, and the amount received was created to the Rent Esmed Occount. However, the tenant has not polo the December rent. The compty has worked out aeement with the tenant 10 85 promised to pay both December ono January rent u on January 15. The tenant 103 agreed not to be 10 ago 1. On November 1, the Cony renteo Sacetoonthetentor $2.800 pe retet esh t e on the date. The payment was recorded wito cedit to the neared Rent account Required: 1. Use the formation to see the decem 2015 2. Preporut es to recoote Suoseout Estens 01 2019 tunde oved Check my work mode: This shows what is correct or incorrect for the work you have completed so Arnez Company's annual accounting period ends on December 31, 2018. The following information concerns the adjusting entries to be recorded as of that date. . The Office Supplies account started the year with a $4,000 balance. During 2018, the company purchased supplies for $13.400. which was added to the Office Supplies account the inventory of supplies available at December 31, 2018, totaled $2.554 b. An analysis of the company's Insurance policies provided the following facts Policy Months of Coverage Date of Purchase April 1, 2016 April 1, 2017 August 1, 2018 Cost $14. Gee 12,95e 2, 4ee The total premium 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 years.) c. The company has 15 employees, who earn a total of $1.960 in salaries each working day. They are paid each Monday for their work In the five-day workweek ending on the previous Friday. Assume that December 31, 2018 Tuesday and all 15 employees worked the first two days of that week. Because New Year's Day is a paid holiday they will be paid Solares for five full days on Monday, January 6, 2019 d. The company purchased a building on January 1. 2018. It cost $960.000 and is expected to have a $45.000 salvage value of the end of its predicted 30-year life. Annus cepreciation is $30.500 e. Since the company s not large enough to occupy the entire ouloing towns. trented space to a tenant or 55.000 per month starting on Novembe1. 2018. The rent was aldonimeon November, and the amount received was created to the Rent Esmed Occount. However, the tenant has not polo the December rent. The compty has worked out aeement with the tenant 10 85 promised to pay both December ono January rent u on January 15. The tenant 103 agreed not to be 10 ago 1. On November 1, the Cony renteo Sacetoonthetentor $2.800 pe retet esh t e on the date. The payment was recorded wito cedit to the neared Rent account Required: 1. Use the formation to see the decem 2015 2. Preporut es to recoote Suoseout Estens 01 2019 tunde