Prepare the adjusting entries for year-end, 12/31/19. 1) At the end of the period. $120 of supplies remained in the storeroom. The balance of supplies on 1/1/19 was $440 and $2,300 of supplies were purchased in 2019. 2) The one-year insurance policy was purchased on August 31, 2019 for $6.000. 3) As of 12/31/19, $230 in interest had been earned but not recorded. 4) On 11/30/19 received $21,000 for services to clients for the next three months. 5) Employees are paid a total of $13,660 for a five-day workweek. December 31" was a Wednesday. (Ignore payroll taxes). 6) The building is depreciated on a straight-line basis. The building depreciation is estimated to be $4,843 for 2019. Record Income Taxes owed on annual earnings of $49,000 @ 25% on income before taxes. GENERAL JOURNAL Description Page 42 Credit Date Debit