PROBLEM Below are transactions that were completed during 2015 by Trek Company The period ends on December 31 Each transaction wil require an adjusting entry at December 31, 201s Required Prepare the 2015 adjusting entries required for Trek Company Document any support work 1 On October 1, 2015. Trek paid $24,000 premium for a two-year insurance policy on its facilibies The purchase was recorded as Prepaid Insurance 2 On December 31, 2015, Trek has not yet paid the $448 December water bill 3 On December 1, 2015, Trek contracted to provide office space to another company and $6,000 rent for the total 6 month contract period of December 1, 2015, to May 31, 2016. The rent collected was recorded as Unearned Rent Revenue continue PROBLEM 4 adjusting journal entries,continued 4 On December 31, 2015, Trek owes employees $4,890 for wages that were earned by the employees during December. These wages have not yet been recorded. 5 On December 31, 2015, Trek has a $2,400 Supplies balance on the Trial Balance. On December 31, 2015, the physical count of supplies was $500. 7 On December 31, 2015, Trek calculated $6,700 to be the depreciation expense for its buildings 4 On July 1, 2015, Trek borrowed $12,000 cash on a one-year, 4% annual interest, note payable. Interest note principle annual interest rate portion of the year interest will be paid with the principle on the due date of the note, June 30, 2016