Problems Group B pbjective 3 3- 39B Journalizing adjusting entries and subsequent journal entries data for the December 31 adjusting entries: a. Each Friday, Lorring pays employees for the current week's work. The a b. On January l of the current year, Lorring purchases an insurance policy that cover c. The beginning balance of Office Supplies was $4,100. During the year, Lorring d. During December, Lorring designed a landscape plan and the client prepaid pense $2.000Lorring Landscaping has the following week. This year, December 31 falls for a five-day on a Tuesday. Lorring will pay its employees on January 3. two years, $4,000. purchased office supplies for $5.500, and at December 31 the office supplies on hand total $2,200. s4,000. Lorring recorded this amount as Unearned Revenue. The job will take several months to complete, and Lorring estimates that the company has earned 50% of the total revenue during the current year." e. At December 31, Lorring had earned $4,500 for landscape services comp Tomball Appliances. Tomball has stated that it will pay Lorring on January f Depreciation for the curent year includes Equipment, $3,000; and Trucks, $1.700 E Lorring has incurred $800 of interest expense on a $1,200 interest payment due on January 15