Roland Company began operations on December 1 and needs assistance in preparing December 31 financial statements, including its year-end adjustments. The Tableau dashboard is provided to assist in the work. Dec 1 prepaid a 24 month insurance policy(coverage starting immediately) for $2,400 cash. Dec 7 purchased supplies for $2,000 cash. Dec13 agreed to do $10,000 worth of work for Telo Roland Company began operations on December 1 and needs assistance in preparing December 31 financial statements, including its year-end adjustments. The Tableau dashboard is provided to assist in the work. Dec 1 prepaid a 24 month insurance policy(coverage starting immediately) for $2,400 cash. Dec 7 purchased supplies for $2,000 cash. Dec13 agreed to do $10,000 worth of work for Telo over the next 30 days. payment is to be received when the work is completed on Jan 12. Dec 24 received $4,000 cash in advance to perform work for ABX over the next four weeks. Dec. 31 Year-End Jan 5 paid wages of $800 csh to workers. Jan 12 received $10,000 cash from Telo for work performed over the last 30 days Additional Information as of December 31 Telo Job Completion at Year-End: Telo 60% Telo Complete ABX Job Completion at Year-End:Abx 23% Complete Supplies Remaining at Year-End:$700 Wages Earned By Workers but not yet Paid at Year-End:$500