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Vuuston Lompletion Status! QUESTION 2 10 points Record the December 31 adjusting entries for the following transactions and events in general journal form. Assume that

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Vuuston Lompletion Status! QUESTION 2 10 points Record the December 31 adjusting entries for the following transactions and events in general journal form. Assume that December 31 is the end of the annual accounting period. a. The Prepaid Insurance account shows a deb balance of $2,340, representing the cost of a two-year fire insurance policy that was purchased on October 1 of the current year and has not been adjusted to-date b. The Store Supplies account has a debit balance of $400, a your-ond inventory count reveals $80 of supplies still on hand c. On November 1 of the current year, Rent Eamed was credited for $1,500. This amount represented the renteamed for a three-month period beginning November 1. d. Estimated depreciation on store equipment is $600. e. Accrued salaries amount to $1,400 For the toolbar, press ALT+F10 (PC) or ALT-FN-F10 (Mac). B IVParagraph Arial 10pt !!! iii v 2 v Save All Are Save Click Save and Submit to save and submit. Click Save All Ansters to sou all answers

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