Part Two Instructions Once all journal entries are recorded in the practice set, record the eight adjusting journal entries below and round to the nearest cent if necessary. The following are the adjusting journal entries for the month of January. Record all adjusting entries on January 31, 2020. Record Adjusting Entries: Record the following month end adjusting entries for the month of January. Write the journal entries in the practice set after the original journal entries. Round all answers to the nearest cent.

a. $70 of office supplies remained on hand.

b. $200 of shipping supplies remained on hand.

c. $1,300 of wages for the part-time help from Irenes Temp Services for January should be accrued. Do not worry about payroll taxes; Temp Services Inc. will handle these.

d. Make the necessary adjusting entries for one months depreciation for the Computer Equipment using Straight Line Depreciation.

e. Make the necessary adjusting entry for one months depreciation for the furniture and fixtures using Straight Line Depreciation.

f. One month of the prepaid insurance has expired.

g. One month of the prepaid rent has expired.

h. Record the interest for the loan from Wells Fargo for one month. Make sure you prepare the journal entries and the adjusting entries and write them in the practice set.