Prepare the required end-of-period adjusting entries for each independent case listed below.

Case 1

The Spunout Limited began the year with a $2,000 balance in the Office Supplies on Hand account. During the year, $8,200 worth of additional office supplies were purchased. A physical count of office supplies on hand at the end of the year revealed that $8,400 worth of office supplies had been used during the year. No adjusting entry has been made until year end.

Case 2

The Planner Co. Ltd. has a calendar year-end accounting period. On July 1, the company purchased office equipment for $28,800. The estimated useful life of the equipment is 6 years. No adjusting entry has been made until year end.

Case 3

Fanner Realty is in the business of renting several apartment buildings and prepares monthly financial statements. It has been determined that 3 tenants in $600 per month apartments and one tenant in the $1,000 per month apartment had not paid their December rent as of December 31st.