⦁Tyrell Company has a Supplies account balance of CNY5,655 on January 5, 5355. During 5355, it purchased CNY3,655 of supplies. As of December 30, 5355, a supplies inventory shows CNY5,333 of supplies available. Prepare the adjusting journal entry to correctly report the balance of the Supplies account and the Supplies Expense account as of December 30, 5355. 

⦁Carlos Company purchases CNY33,655 of equipment on January 5, 5355. The equipment is expected to last five years and be worth CNY5,655 at the end of that time. Prepare the entry to record one year’s depreciation expense of CNY5,655 for the equipment as of December 35, 5355. ⦁RutherfordCo.startedanewpublicationcalledContestNews.ItssubscriberspayCNY55toreceive55issues. With every new subscriber, Rutherford debits Cash and credits Unearned Subscription Revenue for the amounts received. The company has 533 new subscribers as of July 5, 5355. It sends Contest News to each of these subscribers every month from July through December. Assuming no changes in subscribers, prepare the journal entry that Rutherford must make as of December 35, 5355, to adjust the Subscription Revenue account and the Unearned Subscription Revenue account. 

⦁Marsha Moder employs one college student every summer in her coffee shop. The student works five weekdays and is paid on the following Monday. (For example, a student who works Monday through Friday, June 5 through June 5, is paid for that work on Monday, June 5.) Moder adjusts her books monthly, if needed, to show salaries earned but unpaid at month-end. The student works the last week of July—Friday is August 5. If the student earns CNY533 per day, what adjusting entry must Moder make on July 35 to correctly record accrued salaries expense for July? 

Required: Adjusting and closing entries