Part B (10 points): Prepare the appropriate adjusting entries at the end of July 31,2017 for the following: 1. An annual insurance policy amounting to $1,200 was purchased on May 1, 2017. The prepaid insurance account was debited and cash credited on the same date 2. The landscape company's lawn tractor was purchased for $3,200 in 2015. The salvage value of the lawn tractor at the end of its 4 year useful life is estimated to be $800. Calculate the annual depreciation for the year ended July 31, 2017 and record corresponding adjusting entry 3. On April 1, 2017 a customer paid for a 6-month lawn service plan to begin June 1,2017. The journal entry credited the Unearned Service Revenue account when the $3,000 payment was received. The monthly fee is $500. 4. The last weekly salary of $1,400 was paid to employees on Friday, July 25. Employees are paid based on a 5-day workweek. Salaries July 28,29,30 and 31 have accrued. 5. Service frees of $1,800 were earned by July 31 but not recorded