On January 1, 2010, the start of its fiscal year, the Stamper Company had these account balances.
During the year, the company was involved in the following operating events:
Jan. 14 paid the $ 2,200 due on the utilities.
Mar. 15 purchased $ 5,000 of office supplies on account.
Apr. 1 paid the amount due on the office supplies.
July 1 renewed the insurance policy by making a $ 6,400 cash payment for one year’s premium.
Dec. 31 Received December’s utility bill for $ 3,600, which is due January 15, 2011. A count of the office supplies indicates that $ 2,500 of office supplies are on hand.
Make the entries for operating events listed above and make the appropriate adjusting entries on December 31, 2010.