ts Arnez Company's annual accounting period ends on December 31, 2019. The following information concerns the adjusting entries to be recorded as of that date. a. The Office Supplies account started the year with a $4.000 balance. During 2019, the company purchased supplies for $13,400, which was added to the Office Supplies account. The inventory of supplies available at December 31, 2019. totaled $2,554 b. An analysis of the company's insurance policies provided the following facts, Month of Policy Date of Purchase Coverage coot April 1, 2017 24 $14,400 April 1, 2018 36 12.960 August 1, 2015 12 2,400 c ferences The total premium for each policy was paid in fult for all months) at the purchase date, and the Prepaid Insurance account was debited for the full cost. (Year-end adjusting entries for Prepaid Insurance were properly recorded in all prior years) c. The company has 15 employees, who earn a total of $1,960 in salaries each working day. They are paid each Monday for their work in the five-day workweek ending on the previous Friday. Assume that December 31, 2019, is a Tuesday, and all 15 employees worked the first two days of the week. Because New Year's Day is a paid holiday, they will be paid salaries for five full days on Monday, January 6, 2020 d. The company purchased a building on January 1, 2019. It cost $960.000 and is expectep to have a $45,000 salvage value of the end of its predicted 30 year lide. Annual depreciation is $30,500 e. Since the company is not large enough to occupy the entire building it owns, it rented space to a tenant at $3,000 per month starting on November 1, 2019 The rent was paid on time on November 1, and the amount received was credited to the Rent Eamed account. However, the tenant has not paid the December rent. The company has worked out an agreement with the tenant, who has promised to pay both December and January rent in full on January 15. The tenant has agreed not to fall behind again t. On November 1, the company rented space to another tenant for $2,800 per month. The tenant paid five months' rent in advance on that date. The payment was recorded with a credit to the Unearned Rent account. Assume no other adjusting entries are made during the year ME GEN TO Proy 1 of 1 !!! Next Check Required: 1. Use the information to prepare adjusting entries as of December 31, 2019, 2. Prepare journal entries to record the first subsequent cash transaction in 2020 for parts cand e. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Use the information to prepare adjusting entries as of December 31, 2019. View transaction list Journal entry worksheet LOLA 1 Journal entry worksheet 1 2 3 4 5 6 5 Record the adjusting entry related to the company's Insurance. eBook Print Note: Enter debits before credits. erences Transaction General Journal Debit Credit b. Record entry Clear entry View general Journal 1 Journal entry worksheet Mc Gew 1 Journal entry worksheet 2 3 40 5 6 30 points eBook The company purchased a building on January 1, 2019. It cost $960,000 and is expected to have a $45,000 salvage value at the end of its predicted 30- year life. Annual depreciation is $30,500. Note: Enter debits before credits Transaction General Journal Print References Debit Credit Record entry Clear entry View general Journal Required 1 Required 2 > Journal entry worksheet 1 5 Journal entry worksheet Prepare journal entries to record the first subsequent cash transaction in 2020 for parts c and e. View transaction list nts Journal entry worksheet eBook 2 Print Record the payment of accrued and current salaries. oferences Note: Enter debits before credits General Journal Dobit Credit Date Jan 06 Record entry Clear entry View general Journal Prepare journal entries to record the first subsequent cash transaction in 2020 for parts c and e. View transaction list Journal entry worksheet Record the receipt of two months rent. ces Note: Enter debits before credits Date General Journal Debit Credit Jan 15 Record entry Clear entry View general Journal Preu 1 A1 Alan