Question: Please complete this problem!! ASAP!! Complete your answers in a Word (or equivalent) document and submit here by no later than February 13th at midnight.

Please complete this problem!! ASAP!! Please complete this problem!! ASAP!! Complete your answers in a Word (or

Complete your answers in a Word (or equivalent) document and submit here by no later than February 13th at midnight. All answers are in journal entry format. Problem 1: Present, in general journal form, the adjustments that would be made on December 31, 2019, the end of the fiscal year, for each of the following: The supplies inventory on January 1, 2019 was $7,350. Supplies costing $16,150 were acquired during the year and charged to the supplies inventory. An inventory taken on December 31, 2019 indicated supplies on hand of $8,810. On April 30, 2019, a ten-month note receivable for $30,000 earning interest at 10% was received from a customer. On March 1, 2019, $9,000 was collected as rent from a tenant for one year and the rent revenue account was credited at that time. A two-year insurance policy costing $6,000 was purchased on April 1, 2019 A weekly payroll of $35,600, covering a five-day, Monday through Friday workweek, is paid every Friday. This year, December 314 falls on a Thursday

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