Theo owner of a landscape company prepares annual financial statements. 1. Prepare the appropriate adjusting entries for july 31. 2017 based on the following information available at the end of july a. An annual insurance policy amounting to $1,200 was purchased on May 1, 2017. The prepaid insurance account was debited and cash credited on the same date b. The landscape company's lawn tractor was purchased for $3,200 in 2015, the salvage value of teh lawn tractor at the end of its four year useful life is estimated to be $800. Calculate the annual depreciation for the year ended july 31, 2017, and record the corresponding adjusting journal entry c. On april 1, 2017, a customer paid for a six month lawn service plan to begin june 1, 2017. The journal entry credited the unearned service revenue account when the $2.000 payment was c. On april 1, 2017, a customer paid for a six month lawn service plan to begin june 1, 2017. The journal entry credited the unearned service revenue account when the $3,000 payment was received. The monthly fee is $500. d. The last weekly salary of $1,400 was paid to employees on Friday july 25, . Employees are paid based on a five day workweek. Salaries for july 28, 29, 30 and 31 have accrued. e. Service fees of $1,800 were earned by july 31 but not recorded. The journal entry credited the unearned service revenue account when the $3,000 payment was received. The monthly fee is $500. d. The last weekly salary of $1,400 was paid to employees on Friday july 25, . Employees are paid based on a five day workweek. Salaries for july 28, 29, 30 and 31 have accrued. e. Service fees of $1,800 were earned by july 31 but not recorded. 2. Refer to (d) above. Prepare the entry to pay the salaries on friday august 1