Read the description of following adjustments that are required at the end of the accounting period for Paulo Consulting Services. Record the necessary Journal entries required at the end of January (Round your answers to the nearest whole dollar.) A. Equipment was purchased on January 1, 2019, for $50,540 and has an estimated useful life of 16 years with a salvage value of 3,780. Depreciation is computed using the straight-line method. B. Signed a 5-month contract for $5,940 of prepaid advertising on January 1, 2019. C. Prepaid rent for the year on January 1, 2019, in the amount of 23,400. D. Purchased supplies for $5,200 on January 1, 2019. Inventory of supplies was $3,600 on January 31, 2019. View transaction list Journal entry worksheet 2 3 4 Equipment was purchased on January 1, 2019, for $50,540 and has an estimated useful life of 16 years with a salvage value of 3,780. Depreciation is computed using the straight-line method. Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general journal U V I J. HIVERN 01 JUPPHOWUJUU JUUury. View transaction list Journal entry worksheet