Victoria Nursery Limited which sells products to nurseries on Vancouver Island has a December 31st year end. The company's trial balance for 2021, prior to adjustments is listed below: Debit Credit Cash $ 12,535 Prepaid Insurance Supplies 800 Inventory 28,387 Furniture 15,000 Accumulated Depreciation - Furniture Accounts Payable 2,404 Unearned Revenue Salaries Payable 760 Mortgage Payable 20,000 Common Shares 10.000 Retained Earnings 6,914 Dividends 2,000 Sales 169730 Cost of goods sold 100,000 Salaries Expense 36,150 Interest Expense 200 Insurance Expense 9,800 Supplies Expense 1,100 Utilities Expense 3,336 Advertising Expense 500 $ 209,808 $ 209,808 Other data: 1. The company paid $9,800 for a three-year insurance policy on July 1, 2021. 2. A count of supplies on December 31 revealed $600 of supplies on hand. 3. The furniture was purchased on October 1, 2020, and has an estimated useful life of 5 years, with a residual value of $2,500. 4. During the year customers paid $7,000 in advance of receiving their products - all of the payments were recorded in the Revenue account. An analysis of these amounts indicates that 85% of this amount was earned at December 31, 2021. 5. The mortgage was taken out on June 1, 2021. The interest rate is 7.5% per year. 6. Salaries accrued to the end of December total $3,200. 7. On December 31, the company had earned $8,000 in revenue which has not yet been recorded. This amount is in addition to any deposits earned in item (4) above. Required: Journalize the adjusting entries on December 31, 2021. Place your entries on the next page. Provide all supporting calculations. 21 Question 1 Adjusting Journal Entries continued Account Debit Credit 1 Calculations 2 Calculations 3. Calculations 4. Calculations 5. Calculations 6. Calculations