P4-5A A review data pertaining to the preparation of annual adjusting 1. Prepaid Insurance $15,200. of the ledger of Lewis Company at December 31, 2017, produces these The company has separate insurance policies on its . Policy B4564 on the building was purchased on buildings and its motor vehicles July 1, 2016, for $9.600. The policy has a term of 3 years. Policy A2958 on the 18monhwa chased on January 1, 2017, for $7.200. This policy has a term of Rent Revenue $429,000. The company began subleasing office space in its ing on November 1. At December 31, the company had the following rental 2. Unearm build new contracts that are paid in full for the entire term of the lease. Term (in months) Number of Leases Monthly Rent $5,000 $8,500 yable $40,000. This balance consists of a note for 6 months at an annual Date Nov. 1 Dec. 1 4 3. Notes Pa interest rate of 7%, dated October 1. 4. Salaries and W paid every Friday for the current per week, and three employees earn $700 each ages Payable $0. There are eight salaried employees. Salaries are week. Five employees receive a salary of $600 each per week. Assume December 31 is a nesday. Employees do not work weekends. ll employees worked the last 3 days of December Instructions Prepare the adjusting entries at December 31, 2017. 224