PLEASE I NEED HELP WITHIN AN HOUR!!

2:00 BAF - Unit 4 - Written Component - Record Transactions for Adjusting Entries The ledger of Casper Consulting at January 31, 2014 includes the following selected accounts: Debit Credit Prepaid insurance. $ 3,600 Supplies 1,800 100,000 Building Accumulated Depreciation - Building. $ 23,400 Land 60,000 Notes payable 90,000 Unearned service revenue 8,000 Casper's accountant is inexperienced, and he would like your help in preparing the company's year-end January 31, 2014 financial statements. Casper makes adjusting entries only at year-end. The accountant has provided you with the following information: 1. A one-year insurance policy costing $3,600 was purchased on January 1, 2014. At that time the full amount was debited to prepaid insurance. 2. A physical inventory count on January 31, 2014 revealed $800 in supplies were still remaining. 3. Land and building were purchased on February 1, 2009 at a cost of $160,000. The building is depreciated using the declining- balance method at the Canada Revenue Agency's prescribed rate of 4%. Ignore the 50% rule. HINT: What do we not depreciate? 4. Purchase invoices received in February 2014 pertaining to goods and services received in January 2014 are for the following: Telephone $680, Utilities $315, Miscellaneous $96. Instructions Prepare the adjusting journal entries required at January 31, 2014. HST accounts are not to be considered. Include an explanation for each adjusting entry and SHOW YOUR CALCULATIONS. (2 marks each adjusting entry, 1 mark each calculation/comment) General Journal Date Account Titles and Explanation Debit Credit 1. 2. 3. 4. EDIT