On the "Adj JE's" worksheet, prepare the adjusting journal entries in good form for the following items. Identify each entry by letter in Column B. Round all answers to the nearest dollar. You may omit explanations. Leave a blank row between each journal entry. All the accounts you need are given on the worksheet. Use only these accounts.
a. Grizzlies, Inc. issued a nine-month, $20,000, 6.0% note on October 1, 2014 with interest and principal to be paid on maturity.
b. On November 1, 2014, Grizzlies, Inc. rented storage space at a cost of $500 per month. On that date Grizzlies, Inc. recorded Prepaid Rent for five months rent paid in advance.
c. Grizzlies, Inc. recorded the purchase of $6,550 worth of shop supplies during the year by increasing the Shop Supplies account. A physical count of the shop supplies on hand on December 31, 2014, indicates a balance of $1,500.
d. Store supplies totaling $17,500 were purchased during the year and were immediately expensed. A physical count of the store supplies on hand December 31, 2014, indicates a balance of $3,200.
e. On April 1, 2014, Grizzlies, Inc. purchased a 24-month insurance policy for $12,000.
f. On July 1, 2014, Grizzlies, Inc. collected $38,000 for consulting services to be performed from July 1, 2014 to February 28, 2015. The company credited the Unearned Consulting Revenue account when paid.
g. Grizzlies, Inc. rented idle office space to Squirrels, Inc. on February 1, 2014, at a rate of $1,260 per month. On this date Grizzlies, Inc. credited Unearned Rent Revenue for one year of rent received in advance.
h. Grizzlies, Inc. is open five days a week and has a daily payroll of $2,600. Employees are paid every Friday. December 31 is a Wednesday. The payroll is allocated as follows: 10% of the payroll relates to office employees, and the balance relates to sales employees.
i. Depreciation for store equipment has been calculated to be $3,500 per month.
j. Depreciation for office equipment has been calculated to be $300 per month.
k. Utilities expenses of $2,800 were incurred, but not yet recorded. Utilities expense is allocated as follows: 22% relates to the office and the balance relates to the store.

Trial Balance Trial Balance Income Stmt Balance Sheet 12.000 20,000 Accumuleted Deprecation-Stare Equipment Accumulated Depredation-Omico Equipment 275,000 150,000 5,850 Depreciation Expense-Slare Equipment Depreciation Expense-Office Equipment