The year$-$end trial balance dated December $31,20-$for Global Industries shows supplies at $$6,020\mathrm{.}00$ and prepaid insurance at $$4,400\mathrm{.}00.$ Use the information below to prepare the adjusting entries on the question four tab.

An inventory of supplies reveals $$2,075\mathrm{.}00$ to be on hand.

The prepaid insurance account consists of one $12-$month policy, purchased on July $1,20-.$

A late invoice from the Daily Beagle for advertising in December arrived in January of the next calendar year. The amount of the invoice is $$4,000\mathrm{.}00.$

$3$ marks

For each of the insurance policies listed in question $3,$ prepare the adjusting journal entry on the question five tab using the total number of months of insurance used.

The Supplies account has a year$-$end debit balance of $$2,018\mathrm{.}00.$ As part of the year$-$end procedures, the senior accountant asks the office staff to count the supplies. Their results are listed on the inventory sheet shown on the right.

a$.$ On the question $6$A spreadsheet tab complete the inventory sheet.

b$.$ On the question $6B$ spreadsheet tab show the effect of the adjusting entry by completing the two ledger accounts with their names and account balases.

$5$ marks

$\backslash$table$[[$Inventory Item,Quantity,Unit Price,Value$],[$Rubber Bands,$3$ boxes,$ $1\mathrm{.}50$ per box,?