C. Problem No.2 (18%) The following information is provided for Tom & Jerry Company prior to its adjustments on December 31, 2021. Instructions: Assume that Tom & Jerry Company prepares financial statements annually, prepare the necessary adjusting entries on December 31, 2021. Explanations are NOT required. a. Salaries of $6,000 are paid every Friday for a five-day work week. December 31, 2021 is a Thursday. Date General Journal Description Debit Credit b. On October 31, 2021, the company collected $5,000 from the customers to be earned evenly over the next five months. Date Date General Journal Description Accrued service revenue on December 31 amounts to $2,300. General Journal Description Debit Credit Debit Credit Cont'd... Problem No.2 d. On June 1, 2021, the company paid a $2,400 two-year insurance policy. Date General Journal Description Debit Credit e. The office supplies account has a balance of $2,400 on January 1, 2021. Purchase of supplies during 2021 amounted to $3,500. Office supplies on hand December 31, 2021 amount to $800. Date General Journal Description Debit f. The company has purchased an equipment on January 31, 2021 at a cost of $18,000. The expected life of the equipment is 12 years. Date General Journal Description Credit Debit Credit