POLO QUIZ Time Remaining on: 20 pts 1 of 1 (1 complete) Th Long Landscaping has collected the following data for the December 31 adjusting entries: Click the icon to view the independent cases.) Requirements 1. Jourmalize the adjusting entry needed on December 31 for each of the items affecting Lorring Landscaping. Assume Lorring records adjusting entries only at the end of the year 2. Joumalize the subsequent Journal entries for adjusting entries a, dando To accrue salaries expense b. On January 1 of the current year, Lorring purchases an insurance policy that covers two years, 56,000. (When the policy was purchased on January 1, assume that Loring debited an asset account) Date Accounts and Explanation Debit Creda Dec. 31 c. The beginning balance of Office Supplies was 53,500. During the year, Loring purchased office supplies for 55.000, and at December 31 the office supplies on hand total 52 800. Assume that Lorring debits when supplies are purchased) Date Accounts and Explanation Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question DELL hp POLO QUIZ Time Remaining on: 20 pts 1 of 1 (1 complete) Th Long Landscaping has collected the following data for the December 31 adjusting entries: Click the icon to view the independent cases.) Requirements 1. Jourmalize the adjusting entry needed on December 31 for each of the items affecting Lorring Landscaping. Assume Lorring records adjusting entries only at the end of the year 2. Joumalize the subsequent Journal entries for adjusting entries a, dando To accrue salaries expense b. On January 1 of the current year, Lorring purchases an insurance policy that covers two years, 56,000. (When the policy was purchased on January 1, assume that Loring debited an asset account) Date Accounts and Explanation Debit Creda Dec. 31 c. The beginning balance of Office Supplies was 53,500. During the year, Loring purchased office supplies for 55.000, and at December 31 the office supplies on hand total 52 800. Assume that Lorring debits when supplies are purchased) Date Accounts and Explanation Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question DELL hp