Problem \#4 On Oct 1 , Pink Company paid $20,000 for 12 -months of office supplies. On Oct 31 , the company counted the supplies and noted that $12,200 were on hand. Adjusting Accounts - Depreciation Directions: 1) Prepare GAAP Journal Entries for all of the transactions. 2) Include the mathematical calculations (if you have to calculate a number, show the work.) Problem \#5 July 1,ABC Company paid $1,500,000 for a building. The building will be depreciated over a 25 -year period using straight line depreciation. The building has a salvage value of $200,000. Assuming that no journal entries have made since the building was purchased, prepare one adjusting journal entry for the period July 1 - December 31