1. prepare in journal entry form the adjusting journal entries for the following items. (Round all numbers to the nearest dollar)
   1. Computers R Us took out a 9 month, 7%, $ 25,000 note on October 1, 2014 with interest and principal to be paid on maturity.
   2. On November 1, 2014, Computers R Us rented some storage space at a rate of $800 per month. On that date Computers R Us recorded Rent Expense for five months rent paid in advance.
   3. Computers R Us purchased $6,550 of office supplies during the year and the asset office supplies account was increased. A count of the supplies on hand December 31, 2014, indicates a balance of $1,650.
   4. $17,500 of store supplies were purchased during the year and were immediately expensed. A count of the store supplies on hand December 31, 2014, indicates a balance of $2,800.
   5. On April 1, 2014 a 24-month insurance policy was purchased for $15,000.
   6. On July 1, 2014, Computers R Us collected 40,000 for consulting services to be performed from July 1, 2014 to February 28, 2014. The company credited the revenue account when paid.
   7. On September 1, 2014, Computers R Us issued a 5-month note receivable to Morerams Inc. at an annual interest rate of 8%. Principle and interest will be paid at the end of the 5-months. The note was recorded in Notes Receivable and is the only note outstanding.
   8. The company rented idle office space to Bytes and Bits on February 1, 2014, at a rate of $1000 per month. On this date Computers R Us credited Unearned Rent Revenue for one year of rent received in advance.
   9. Computers R Us is open seven days a week and has a daily payroll of $2500. Employees are paid every Friday, December 31 is a Wednesday. 40% of the payroll is for office employees, 60% of payroll is for sales employees
   10. Depreciation for store equipment is based on the following:
   • Straight Line Depreciation
   • Store equipment