Exercise 1 (5 points) Prepare general journal entries on December 31 to record the following unrelated year-end adjustments. a. Estimated depreciation on office equipment for the year, KD 5,000. b. The Prepaid Insurance account has a KD 4,680 debit balance before adjustment. An examination of insurance policies shows KD 950 of insurance expired (used). C. The Prepaid Insurance account has a KD 3.400 debit balance before adjustment. An examination of insurance policies shows KD 800 of unexpired insurance. d. The company has three office employees who each earn KD 100 per day for a five-day workweek that ends on Friday. The employees were paid on Friday, December 26, and have worked full days on Monday, Tuesday, and Wednesday, December 29, 30, and 31.hint: 3 days worked not paid yet) e. On November 1, the company received 6 months' rent in advance from a tenant whose rent is KD 1000 per month. The KD 6,000 was credited to the Unearned Rent Revenue account f. The company collects rent monthly from its tenants. One tenant whose rent is KD 750 per month has not paid his rent for December