$2.(34$ points$)$ Lloyd Christmas, Ltd$.\text{'}$s accounting records reflect the following account balances at January $1,2023($beginning of the year$)$:

This company uses the perpetual inventory system $($therefore$,$ the company records a decrease to inventory and COGS expense for every sale$).$ There were no owner investments or owner withdrawals for the year. Make the following adjustments for the year ended December $31,2023$:

Example: The company made a sale of services on credit. $($see table below for entry$)$

$1)$ The Prepaid Rent for Lloyd Christmas Ltd$.$ was paid on December $31,2022($the journal entry for the initial prepayment has already been made$).$ The lease was for three years. Make the adjustment for the expired rent at December $31,2023($for the whole year$).$

$2)$ The note payable was taken out last year. The note carries an annual interest rate of $\backslash (7\backslash \%\backslash ).$ Interest needs to be accrued for the entire year. The interest will be paid February $\backslash (8^\{\backslash$text $\{$th $\}\}\backslash ),2024($next year$).$ Record the adjustment necessary at December $31,2023.$

$3)$ Employee salaries in the amount of $\backslash (\backslash$$ $58,500\backslash )$ were incurred for the year. Of that amount, $\backslash (\backslash$$ $48,500\backslash )$ had been paid in cash, the remainder was still owed to employees at the end of the year. Record the journal entry necessary at December $31,2023$ to account for both the paid and unpaid portion of salaries $($hint: you should use $3$ accounts$).$

$4)$ At the end of the year, $\backslash (\backslash$$ $7,750\backslash )$ of the supplies remained on hand. Record the adjustment necessary at December $31,2023$

$5)$ The company paid $\backslash (\backslash$$ $21,000\backslash )$ on their accounts payable during the year. Record the entry.

$6)$ The company made sales of merchandise $($inventory$)$ to customers for a total $\backslash (\backslash$$ $240,000\backslash ).$ The sales were made half on credit, and half in cash. The inventory sold had originally cost the company $\backslash (\backslash$$ $90,000\backslash )($hint $\backslash$#$1$: this is your cost of goods sold expense$).($hint $\backslash$#$2$: you should use $5$ accounts to record entry$).$

$7)$ The company provided the services associated with the Unearned Revenues balance at the beginning of the year. Record the adjustment necessary for the year $2023.$

$8)$ At December $31,$ the company had earned $\backslash (\backslash$$ $41,000\backslash )$ in tax consulting revenue, but had not yet received payment from their customer. Record the adjustment necessary at December $31,2023.($use service revenue$)$

$9)$ On December $31,$ received $\backslash (\backslash$$ $25,000\backslash )$ in cash representing advance payment for services to be provided in February of $2024.$ Record the journal entry necessary on December $31,2023.$

$10)$ The building has a useful life of $30$ years and no salvage value. The equipment has a useful of $10$ years and has a $\backslash (\backslash$$ $30,000\backslash )$ salvage value. Record the adjustments necessary at December $31,2023($record the entire year's depreciation for both the building and equipment$).$

$11)$ Taxes for the year totaled $\backslash (\backslash$$ $36,000\backslash ).$ The taxes will be paid next year. Record the adjustment necessary at December $31,2023.$

$12)$ The owners withdrew $\backslash (\backslash$$ $5,000\backslash )$ for personal use on December $31,2023.$ Record the owners' withdrawal.