The Day Kingle Cream Company has prepara Following the curred at the King d a balance for December 31. Cream Company in 2021. trut have not been Lead a building for three years at th i s month rent in advance Purchased equipment for $7.00, signing a two-year. 10 note 1. Den ene 150 In addition, the following information is available regarding the year and 2021 w t ed trial balance 4. The Supplies account shows a balance of 620, but a count of supplies reveals only $250 on hand S. Daisy Ring lee Cream Company initially records the payments of all insurance premiums is expenses. The Frial balance shows a balance or $460 in Insurance expense. A review of insurance policies reveals that $145 of insurance is expired. Daisy King lee Cream Company employees work Monday through Friday, and salaries of $2.800 per week are paid each Friday. Flint Hills year-end falls on Tuesday. 7. On December 31, 2021. Daisy King loe Cream Company received a utility bill for December electricity usage of 5230 that will be paid in early January of 2022 Required: Prepare the appropriate journal entry, IN PROPER FORMAT, for each transaction. If an entry is not required, state "No Entry." Skip a space between journal entries. Do not provide explanations