PROBLEM 04 - ADJUSTING ENTRIES The following information relates to December 31 adjustments for Ashley Print, a printing company: (1) Weekly salaries for a five-day week total $900, payable on Fridays. December 31 of the current year is a Wednesday. (2) Ashley Print received $1,000 during December for printing services to be performed during the following year. When received, this amount was credited to Printing Fees. (3) During December, Ashley Print provided $400 worth of printing services to clients, who will be billed on January 2. (4) All maintenance work on Ashley Print's equipment is handled by Prompt Repair Company under an agreement whereby Ashley Print pays a fixed monthly charge of $125. Ashley Print paid four months' service charge in advance on December 1, debiting Prepaid Maintenance for $500. (5) The firm paid $800 on December 5 for a series of radio commercials to run during December and January. One-half of the commercials have aired by December 31. The $800 payment was debited to Advertising Expense. (6) Starting December 16, Ashley Print rented 20 square metres of storage space from a neighbouring business. The monthly rent of $16 per square metre is due in advance on the first of each month. Nothing was paid in December, however, because the neighbour agreed to add the rent for one-half of December to the January 1 payment. (7) Ashley Print invested $4,000 in securities on December 1 and earned interest of $35 on these securities by December 31. No interest will be received until January. (8) The monthly depreciation on the firm's equipment is $180. REQUIRED Prepare the required December 31 adjusting entries in general journal form