Record the following adjusting entries. Each entry is independent of all others. 1-Dec Northern Co paid $12,000 for one years insurance policy on June 1. Record the adjustment for expiration of Insurance Jun - Dec DR CR 1-Dec On Nov 1, Northern Co. paid $15,000 for rent for 3 months. Record the Dec 31 adjustment (there was no Nov adjustment) DR CR 31-Dec Northern Co had supplies purchases of $10,000. There were $2,500 in supplies at year end DR CR 31-Dec Depredation on equipment for the year is $12,000. Record the adjustment for the year, DR CR 31-Dec During the year, Northern Co received $24,000 in advanced landscaping fees. It was determined at Dec 31 Northern still had to provide $4,000 of these services. DR CR 31-Dec Northern Co has a $10,000 Note Receivable from customer A. Annual interest rate is 12% Record the accrued interest for the period Oct Dec. DR CR 31-Dec Northern Co has a $10,000 Note Payable from Bank One. Annual interest rate is 6% Record the accrued interest for December DR CR 31-Dec Nothern's employees earned $5,000 weekly. Dec 31 was on Wednesday. Record accrued expenses for the last week of Dec assuming the wages are to be paid in Jan. DR CR Prepare closing entries given a partial adjusted trial balance as of Dec 31 Dr Cr 50,000 5,000 Service revenue Interest revenue Wage expense Supplies expense Depreciation expense Rent expense Dividends 25,000 5,000 2,000 2,000 1,000