Question 2. Journal Entries. (8 points each totaling 96 points) Analyze each transaction and write the journal entry. (a) On December 26, Sheridan Company pays $6,200 for salaries. GENERAL JOURNAL Date Description Debit Credit (b) On December 31, Sheridan Company accrues $1,500 for salaries. GENERAL JOURNAL Date Description Debit Credit (c) On January 1, Sheridan Company pays $2,400 for a one-year insurance liability policy. GENERAL JOURNAL Date Description Debit Credit (d) On January 31, Sheridan Company makes an adjustment to reflect one month's expired insurance on the policy purchased in (c) above. GENERAL JOURNAL Date Description Debit Credit (e) On January 31, Sheridan Company recorded sales of services on account in the amount of $5,700. GENERAL JOURNAL Date Description Debit Credit (f) On February 10, Sheridan Company recorded receipts from customers on account in the amount of $4,500. GENERAL JOURNAL Date Description Debit Credit (f) On March 1, Sheridan Company purchased a delivery van for $21,000 cash. GENERAL JOURNAL Date Description Debit Credit (g) On March 31, Sheridan Company recorded $350 monthly depreciation on the delivery van. GENERAL JOURNAL Date Description Debit Credit (8) On April 10, Sheridan Company received $3,000 for services to be rendered in June. GENERAL JOURNAL Date Description Debit Credit (h) On June 30, Sheridan Company has completed $1,800 in services on the previously recorded prepayment from the customer in April. GENERAL JOURNAL Date Description Debit Credit (i) On June 30, Sheridan Company accrues $500 interest on a note payable to a supplier. GENERAL JOURNAL Date Description Debit Credit (i) On June 30, Sheridan Company accrues $200 interest on a note receivable from a customer. GENERAL JOURNAL Date Description Debit Credit