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Exercise 12.4 (Algo) Preparing adjustments for accrued and prepaid expense items. LO 122 0. On December 31, 20x1, the Notes Payable account at Northwood Manufacturing Company had a balance of $15,000 - This balance represented a three-month; 10 percent note issued on November 1 b. On January 2, 20X1, Hinech Computer Consulants pirchased flash dives, paper and other supplies for $5,990 in cash. On December 31, 20X1, an inventory of supplies showed that items corting $1,530 were on hand the Supplies account has a balance of $5,990 c. On October 1, 20X1, North Dokota Manufacturing paid a premium of $12.480 in cash for a one-year insurance policy On December 31. 20x1, the Prepaid insurance account has a bolance of $12,490 d. On June 1, 20xX, Headcase Beauty Silon signed a oneyear athertistng contract with a Hocal radio stotion and issued o. check for $13,200 to pay the total amount owed, On December 31,201 the Prepoid Advertising account has a batance of 513200 . For each of the above independent situations, prepare ithe adfusting entries that must be made on the December 31,201, woiksheet assuiming no previous adjusting entries have been made during the year. (Round your answers to 2 decimal places.) ssuming no previous adjusting entries have been made during the year. (Round your answers to 2 decimal places.) Journal entry worksheet 4 Flecord an adjusting entry for interest. Mote: Leter droto beforernedits. For each of the above independent situations, prepare the adjusting entries that must be made on the December 31,201, worksheet issuming no previous adfusting entries have been made during the year, (Round your answers to 2 decimal pleces.) Journal entry worksheet 4 Rocord an adjusting entry for supplies used. vider tratri debita befins credat. Journal entry worksheet Record an adjusting entry for insurance expired. Notel Fitter debits before credits. Journal entry worksheet 3 Record an adjusting entry for advertising expired. firdtin finter delita bestore credita