ACC 1810 Manual Homework Chapter 3 Prepare and upload responses to the following discussion questions and problems. Your answers may be completed by hand and scanned in as a pdf file, or in Word, or in Excel (note only word files, excel files or pdf files can be accepted for your submission). Feel free to use the discussion forum or email your Professor at moston@oaklandcc.edu with any questions, confusion, or problems on this assignment. Your solution is due before 9/11/22 at 11:00 pm. Problem 1 - Prepare general journal entries on December 31 to record the following unrelated year-end adjustments. Assume adjusting entries are recorded annually. a. b. Estimated depreciation on equipment for the year, $4,500. The Prepaid Insurance account has a $3,680 debit balance before adjustment. An examination of insurance policies shows $600 of insurance expired. C. The Supplies account has a $2,400 debit balance before adjustment. An inventory of supplies shows $940 of supplies still on hand. d. The company has three employees who each earn $100 per day for a five-day workweek that ends on Friday. The employees were paid on Friday, December 26, and have worked full days on Monday, Tuesday, and Wednesday, December 29, 30, and 31. e. On November 1, the company received 6 months' rent in advance from a tenant whose rent is $700 per month. The $4,200 was credited to the Unearned Revenue account. f. The company collects rent monthly from its tenants. One tenant whose rent is $1,000 per month has not paid his rent for December. Problem 2 and Discussion questions are on the next page.