Prepare adjusting entries for the following transactions for the Month of September 2023. 1. Building was purchased for QR 3,700000 expected life 20 years expected residual value QR 100000. 2. The beginning balance of supplies QR 1200 and purchased QR 500 of office supplies during the month. At the end of the month of September QR 300 of supplies were on hand. 3. Prepaid insurance had a QR 7200 balance at the beginning of the month prior to adjustment (Insurance was purchased for 2 years). 4. Company purchased furniture from al Salam Co. by issuing a 6-month, 8% note payable for QR 60,000 on September 1. On September 30, the accrued expense adjusting entry is 5. Company had QR 100000 of unearned revenue. By the end of September 50% of the work was completed. Employees Salary for the month is QR 5000 and will be paid on October 10.

Prepare adjusting entries for the following transactions for the Month of September 2023. 1. Building was purchased for QR 3,700000 expected life 20 years expected residual value QR 100000. 2. The beginning balance of supplies QR 1200 and purcnased QR 500 of office supplies during the month. At the end of the month of September QR 300 of supplies were on hand. 3. Prepaid insurance had a QR7200 balance at the beginning of the month prior to adjustment (Insurance was purchased for 2 years). 4. Company purchased furniture from al Salam Co. by issuing a 6 -month, 8% note payable for QR 60,000 on September 1. On September 30, the accrued expense adjusting entry is 5. Company had QR 100000 of unearned revenue. By the end of September 50% of the work was completed. Employees Salary for the month is QR 5000 and will be paid on October 10