Part A ents homework assignment will be graded on correctness, completeness, and the correct form of the foumal entriesladjusting journal entries. The journal entries/adjusting journal entries must be personally handwritten Shot typad, pasted, or photocopled) on these two pages and submitted at the beginning of class on Monday, September 13, 2021. There may be more lines for the journal entries adjusting Journal entries than needed. Indicate the correct journal entry in good form for each of the following transactions. You are not required to Include an explanation with each journal entry. The company, Kentucky Repairs Corporation, is an appliance repair store and has a December 31, 2021 year end. 1. On May 1, 2021, the Kentucky Repairs Corporation issued 400 shares of its 57 par common stock. The stock was Issued for $23 per share. Date Debit Credit Cash 2. On June 3, 2021, the Kentucky Repairs Corporation purchased 5895 supplies on account from the Louisville Supplies Store, Date Debit Credit 3. On June 7, 2021, the Kentucky Repairs Corporation billed the Fayette Frozen Foods Company 54,700 for repairs it made on the Fayette Frozen Foods Company's freezers on June 1-2021 through June 4, 2021. Date Debit Credit 4. On June 10, 2021, the Kentucky Repairs Corporation paid the amount due to the Louisville Supplies Store for its purchases on June 3, 2021 Date Debit Credit Indicate the correct adjusting journal entry in good form for each of the following transactions. You are not required to include an explanation with each adjusting Journal entry. The company, Ohio Auto Parts, sells automobile and truck parts, has a periodic inventory system, has a December 31, 2021 year end, and makes annual adjusting journal entries. The Ohio Auto Parts has the following selected balances on its December 31, 2021 unadjusted trial balance: Account Debit Credit Cash $15.900 $ Office Supplies 3,600 Prepaid insurance 5,820 Accounts payable 14,300 Common stock 75,900 Rent expense 9,800 Insurance expense 3.150 Office supplies expense 500 1. On August 1, 2021 the Ohio Auto Parts paid $5,820 for an insurance policy for the period August 1, 2021 through July 31, 2022. This is the only insurance policy that the Ohio Auto Parts has in effect at December 31, 2021. Prepare the Ohio Auto Parts' adjusting journal entry in good form at December 31, 2021. Date Debit Credit ELALI Incuranic Expense Prepaid Insurance 2. At December 31, 2021, the Ohio Auto Parts has 5710 supplies on hand. Prepare the Ohio Auto Parts adjusting joumal entry in good form at December 31, 2021. Date Debit Credit 13/3/12, Supplier Expense