Problem 3-2A Preparing adjusting and subsequent journal entries LO P1, P2, P3, P4 Amez Company's annual accounting period ends on December 31, 2019. The following information concerns the adjusting entries to be recorded as of that date. a. The Ofice Supplies account started the year with a $3,850 balance. During 2019 , the company purchased supplles for $15,901, which was added to the Omice Supplies account. The inventory of supplles avallable at December 31,2019 , totaled $3,388. b. An analysis of the company's insurance policies provided the following facts. The total premlum for each policy was paid in full (for all months) at the purchase date, and the Prepaid insurance account was debited for the full cost. (Year-end adfusting entries for Prepald Insurance were properly recorded in all prior years) c. The company has 15 employees, who earn a total of \$1,500 in salaries each working day. They are paid each Monday for their work In the five-day woriweek ending on the previous Friday. Assume that December 31,2019 , is a Tuesday, and all 15 employees Morked the first two days of that week. Because New Year's Day is a paid hollday, they will be paid salaries for five full days on d. The company purchased a buliding on January, 2019 . it cost $925,000 and is expected to have a $45,000 salvage value at the end of its predicted 25 -year life. Annual depreciation is $35,200 e. Since the company is not large enough to occupy the entire bullding it owns, it rented space to a tenant at $2,600 per month, starting on November 1, 2019. The rent was paid on time on November t, and the amount recelved was credited to the Rent Earned account. Howevec, the tenant has not paid the December rent. The company has worked out an agreement with the tenant, who f. On November 1, the company rented space to any rent in full on January 15. The tenant has agreed not to fall behind again. on that date. The phyment was recorded with a credit to the tor \$2.356 per month. The tenant paid five months' rent in advance during the year. Use the information to prepare adjusting entries as of December 31,2019. Journal entry worksheet 466 The Ofice Supplies account started the year with a $3,850 balance. During 2019 , the company purchased supplies for $15,901, which was added to the Offce Supplies account. The Inventory of supplies available at December 31 , 2019 , totaled $3,388. Note: tnter debits before credits