The following information concerns the adjusting entries to be recorded on November $30,2023,$ for Railink's year just ended.

a$.$ The Office Supplies account started the year with a $$4,500$ balance. During $2023,$ the company purchased supplies at a cost of $$24,500,$ which was added to the Office Supplies account. The inventory of supplies on hand at November $30$ had a cost of $$6,000.$

b$.$ An analysis of the company's insurance policies provided these facts:

$\backslash$table$[[$Policy$,$Date of Purchase,Years of$,],[1,$March $1,2022,$Coverage,Total cost$],[2,$March $1,2023,2,5,040],[3,$July $1,2023,3,21,240]]$

The total premium for each policy was paid in full at the purchase date, and the Prepaid Insurance account was debited for the full cost. Appropriate adjusting entries have been made to November $30,2022.$

c$.$ The company has $15$ employees who earn a total of $$4,500$ in salaries for every working day. They are paid each Wednesday for their work in the five$-$day workweek ending on the preceding Friday. All $15$ employees worked November $27$ to December $1$ inclusive. They will be paid salaries for five full days on Wednesday, December $6,2023.$

d$.$ The company purchased a building on July $1,2023.$ The building cost $$303,000$ and is expected to have a $$22,000$ residual value at the end of its predicted $25-$year life.

e$.$ Because the company is not large enough to occupy the entire building, it arranged to rent some space to a tenant at $$2,800$ per month, starting on October $1,2023.$ The rent was paid on time on October $1,$ and the amount received was credited to the Rent Revenue account. However, the tenant has not paid the November rent. The company has worked out an agreement with the tenant, who has promised to pay both November's and December's rent in full on December $15.$

f$.$ On October $1,$ the company also rented space to another tenant for $$3,500$ per month. The tenant paid five months rent in advance on that date. The payment was recorded with a credit to the Unearned Rent account.

Assume Railink uses the straight$-$line method to depreciate its assets.Assume RaiLink uses the straight$-$line method to depreciate its assets.

Required:

Use the information to prepare the annual adjusting entries as of November $30,2023.($Do not round intermediate calculations. Round your final answer to nearest whole dollar:$)$

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Journal entry worksheet

$1$

$2$

$3$

$4$

$5$

$6$

Record the cost of supplies used during the year.

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Joumal,Debit,Credit$],[$Nov $30,2023,,,],[,,,],[,,,],[,,,],[,,,]]$Prepare journal entries to record the subsequent cash transactions in December $2023$ described in parts $($c$)$ and $($e$).$

Journal entry worksheet

$1$

$2$

Record the payment of accrued salaries.

Mate: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[$Dec $06,2023,,,],[,,,],[,,,],[,,,],[,,,]]$