Robert Evans owns a business, Beachside Realty, that rents condominiums and furnishings. Prepare adjusting entries for the following transactions on December 31: (a) (b) (c) (d) The beginning balance of the supplies account was $254. During the month the company bought additional supplies in the amount of $735. At the end of the month a physical inventory showed $343 of unused supplies. The company has a 12% note payable in the amount of $17,000 due in nine months. The interest expense for the month has not been recorded. The company has two employees. The manager is paid on the fifteenth of every month for work performed during the first half of the month and on the first of the following month for the work performed during the second half of the month. His monthly salary is $5,500. The other employee is paid $650 for each five-day work week (Monday-Friday). The last day of the month fell on Thursday. The unearned fees account shows a balance of $46,000. According to the manager 60% of that amount has been earned in the month.