Prepare year end adjusting entries:

11/30- In 2023, $2032 will be paid towards the principle on the outstanding long-term note payable balance. Prepare a journal entry to reclassify this amount as Current Maturities of Long-Term Debt.

11/30- Calculate the amount of the prepaid insurance that has expired during the year. Prepare the appropriate adjusting entry.

11/30- The value of the supplies on hand is determined to be $650.

Here is some information. If you need more, let me know.

*Notes payable balance is $179641.62

*9/6- I purchased a one-year insurance policy for an office building from a company. The premium is $1800. Instead of paying the premium in full, I chose to make 12 monthly payments with a 10% annual interest rate. My first payment was due today. I issued a check in the amount of $165. A portion of this payment represents the interest payment.

*9/18- I purchased software on account from a software company. The purchase price was $900. Terms are a $30 flat-rate monthly service charge on any remaining balance after 30 days. (Record purchase of computer software to Supplies on Hand account)

*10/15- I purchased $50 of office supplies from Online Supplies using my debit card. I need to record this as a current asset.

Thank so much