The following information was collected by the Alberta Company to be used in adjusting entries for the month of August. a. b. C. d. e. f. The ledger showed that the August 31 inventory of computer supplies was $1,720. An actual count of supplies showed that only $500 of supplies were on hand. The company paid $3,600 for a two year insurance policy on August 1. The company records the amount of insurance used up every month with an adjusting entry. The amount of office supplies used during August is $32.50. The company has done work for clients; this work has not been recorded in the accounting records and totals $4,550. Payment will be received in November. The bookkeeper forgot to record the payment of the telephone bill. The amount of the bill was $107 and had been paid August 20 with cash. The $2,000 balance in the prepaid rent account is for the month of August. Record the entries