Problem 3 Andrew Leah has just hired you as his bookkeeper for his landscaping company. The company makes adjusting entries annually, and the previous accountant had been making the appropriate entries up through 2019. It's now 2020 and you're given the trial balance below and some additional information. Make the appropriate adjusting entries The insurance policy had been purchased on September 1, 2020, for $2,400, and covers 2 years. The Landscaping equipment was purchased on January 2, 2018, has a salvage value of $540, and an estimated useful life of 6 years. The company uses the straight-line method to calculate depreciation. An inventory of lanscaping supplies indicates there's $230 left. On December 31, 2020, $240 in wages are owed to employees. Tip: Remember you are journalizing the December 31 adjusting entry, NOT the original transaction! Date Problem 3 Journal Template Accounts Debit Credit