Problem (II.) Prepare the proper adjusting journ Prepare the proper adjusting journal entries for the year ending 12/31/17 for the following, the company only makes adjusting journal entries once a year at year-end, show calculations clearly: (25 pts., 5, pts. each) 12/31/17 A. We own a business where many customers pay us in advance for a job/service we are to complete in the future, and we earn this advance on a monthly basis. The Unearned Service Revenue account has a balance of $24,000 and a review of the account shows the balance consists of a customer advance payment of $24,000 for an 8-month job that we started earning monthly revenue on 11/1/17. Realized from a conversation with the business owner, an electrician, that on 12/27/17 there was a completed service worth $3,300 that was not paid for and we have not yet invoiced the customer. The actual invoice would be sent to the customer Jan. 7, 2018 and we hope to be paid by Jan. 31, 2018 12/31/17 C. The Prepaid Insurance account has a balance of $16,000 as of the 12/31/17 Unadjusted Trial Balance, a review of the insurance policy shows that this balance consists of a $16,000 eight month insurance policy that started to be used 10/1/17. 12/31/17 D. The company had an opening Office Supplies account balance of $3,950, it also purchased supplies during the year of $2,100 and had returned supplies (that were broken) of $900, an actual inventory at 12/31/17 of supplies shows $1,700 of supplies remaining in the supply room. 12/31/17 E. Salaries for the 7-day work week (for the period Monday-Sunday) of $28,000 are paid once a week on Sunday Jan. 2, 2018 so Friday is 12/31/2017