Directions. This is a two part problem. First, calculate the adjustment amount for the following statements below, showing your work for each statement. Second, you will journale the adjusting entries on the general Journal for Problem 2. When finished upload your journal to this problem. Show your work for all problems and include explanations in your Journal entries. 1. On April 1, 2010, a company paid the $1,350 premium on a three year Insurance policy with benefits beginning on that date. What will be the murance expense on the annual Income statement for the year ended December 31, 2010? 2. A company had no office supplies available at the beginning of the year. During the year, the company purchased $250 worth of office supplies On December 31,375 worth of office supplies remained. How much should the company report as office supplies expense for the year? 3. ABC Coloaned a portion of its store to another compww for eight months beginning on October 1, 2010 at a monthly rate of Saco. This other company paid the entire 56.000 cash on October 1, which ABC Co. recorded as unearned revenue. The amount of rent revenue caned as of December 31, 2010 by ABC Cashould be 4ABC Copas cach of its two office employees cach Pieli attic cate of $100 per day cach for a five-day work weck that begins on Monday. If the montis accounting period ends on Tuesday and the employees worked on boul Monday and Tuesday. the mondi-end adjusting entry to record the salaries camed but unaalid