Problem 3-2A Preparing adjusting and subsequent journal entries LO A1, P1 ELTE Amer Company's accounting period ends on December 31, 2018. The following information concerte adjusting entries to be recorded as of that date The Orice Supplies account started the year with a $3.375 balance. During 2018, the company purchased supplies for $13.999 which was added to the Omce Supplies account. The inventory of supplies available at December 31, 2018. totaled $2.970 1. As analysis of the company's insurance policies provided the following facts Mother Purch 2014 2017 1, 2011 24 16 12 10,26 Mellow Dev to you 34s 19 The total premium for each policy was paid in full for months at the purchase date and the Prepaid insurance account was debited for the cost. Year-end adjusting entries for Prepaid Insurance were property recorded in a prior years) c. The company has 15 employees who eam a total of 1.800 in salaries each working day. They are paid each Monday for their work in the five-day workweek ending on the previous Friday. Assume that December 31, 2018 is a Tuesday, and 115 employees worked the first two days of the week. Because New Year's Day is a paid holiday they will be paid salaries for five full days on Monday, January 6, 2018 d. The company purchased a building on January 2018cost 385.000 and is expected to have a $45.000 salvage value at the end of its predicted 25 year. Annual depreciation is $33.600 . Since the company is not large enough to occupy the entire building it owns, it rented space to a benant at $2.700 per month, arting on November 2018. Therent was paid on time on November and the amount received was credited to the Rent Eamed scout. However, the tenant has not paid the December rent. The company has worked out an agreement with the tenant, who has promised to pay bom December and January rentinul on January 15. The tenant has agreed not to fall behind again On November the company rented soace to another tenant for $2.446 per month. The tenant paid five months rent in advance on the date. The payment was recorded with a credit to the Unearned Rent account Send message 9:27 Messages 1. Use the information to prepare adjusting entries as of December 31, 2018 2. Prepare journal entries to record the first subsequent cash transaction in 2010 for parts cand o