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transactions described below were completed during 2016 by Story Company. A. On August 1, 2016, Story Company paid $12,000for one year's rent begining on that date. The rent payment was recorded as follows: rent 12,000 Cash 12 B. On March 1, 2016, Story Company purchased office supplies during the year that cost $2,400 and placed the supplies in a storeroom for use as needed. The purchase was recorded as follows: supplies inventory 2,400 Cash 240 At December 31, 2016, a count showed unused office supplies of $700 in the storeroom. There was a beginning inventory of $ 300 supplies on hand. C. On December 31, 2016, Story Company owed employees $1,300 for wages earned during December. These wages had not been paid or recorded. Required: Prepare the adjusting journal entries as of December 31, 2016, assuming no adjusting entries have been made during the year