Each Friday, Perfect Johns pays employees for the current week's work. The amount of the weekly payroll is $7,000 for a five-day workweek. This year December 31 falls on a Tuesday. PerfectJohns will pay its employees on January 3 On January 1 of the current year, PerfectJohns purchased an insurance policy that covers two years, $25,000 The beginning balance of Cleaning Supplies was $3,800 During the year, PerfectJohns purchased cleaning supplies for $5,300, and at December 31, the cleaning supplies on hand total $1.200 During December, PerfectJohns arranged for rentals at a Christmas and a New Year's Eve party at a resort. The client prepaid $10,000. PerfectJohns recorded this amount as Unearned Revenue. PerfectJohns estimates that the company has earned 40 percent of the total revenue during the current year and will earn the balance on January 3. On December 31, PerfectJohns had earned $3,500 of a two-month rental at the Glitter Ice Palace. The Glitter Ice Palace has stated that it will pay PerfectJohns the entire balance due for the two months on February 1 Amortization for the current year includes Equipment, $3,800, and Trucks, $1,100. Make one compound entry to record the amortization, but use separate amortization accounts for each asset Perfect Johns has incurred $800 of interest expense on a $1,000 interest payment due on January 15 Print nana Required 1. Journalize the adjusting entry needed on December 31 for each of the items affecting PerfectJohns. Assume Perfect 2. Journalize the subsequent journal entries for adjusting entries a, d, and g. Dec 31 Interest Expense 800 Interest Payable 800 To accrue interest expense. Requirement 2. Journalize the subsequent journal entries for adjusting entries a, d, and g a. Each Friday, PerfectJohns pays employees for the current week's work. The amount of the weekly payroll is $7,000 subsequent journal entry that PerfectJohns will record on January 3 Date Accounts and Explanation Debit Credit Van3 Choose from any list or enter any number in the input fields and then click Check