Question: Question 2. Prepare adjusting entries dated December 31, 2019, based on the following data. a. C. A two-year insurance policy costing $3,000 was purchased on

 Question 2. Prepare adjusting entries dated December 31, 2019, based on

Question 2. Prepare adjusting entries dated December 31, 2019, based on the following data. a. C. A two-year insurance policy costing $3,000 was purchased on October 31, 2019. b. Salaries owed to employees on December 31, 2019, amount to $2,300. The balance in Supplies before adjustment is $1,400. A physical count reveals $450 of supplies on hand on December 31, 2019. d. Depreciation on office equipment for the year is $1,869. Uneared Service Revenue has a balance of $4,200 before adjustment. Records show that $2,725 of that amount has been earned by December 31, 2019. e. 0.00 Account Debit Credit

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