${?}^{**}$ Verifique que tenga las siguientes cuentas.

$4051$ Income Summary

Prepare journal entries to record each of the following transactions.

The following additional facts are collected for use in adjusting entries before preparing financial statements for the

company's first three months.

a$.$ The December $31$ inventory count of supplies shows that $$450$ still available.

b$.$ One month has expired since the $12-$month insurance premium was paid in advance.

c$.$ The invested equipment, acquired on December $1,$ is expected to have a $3-$year life with no salvage value.

d$.$ As of December $31,$ Lyn Addie has not been paid for five days of work at $$100$ per day.

Prepare its December $31$ closing entries.