Question 4 of 5 1. 2. Current Attempt in Progress A review of the ledger of Sandhill Company at December 31, 2022, produces the following data pertaining to the preparation of annual adjusting entries. 3. 1. 2.

A review of the ledger of Sandhill Company at December 31,2022, produces the following data pertaining to the preparation of annual adjusting entries. 1. Prepaid Insurance $9,724. The company has separate insurance policies on its buildings and its motor vehicles. Policy 845 on the building was purchased on April 1, 2021, for $7,632. The policy has a term of 3 years. Policy A29 on the vehicles was purchased on January 1,2022 , for $4,000. This policy has a term of 2 years. 2. Supplies $54,000. The company performs a count of supplies on December 31. This count revealed that $23,900 of supplies were on hand. 3. Salaries and Wages Payable \$0. There are 10 employees. Wages are paid every Friday for the current week. 6 employees receive a wage of $750 each per weck, and 4 employees earn $550 each per week. Assume December 31 is a Tuesday. Employees do not work weekends. All employees worked the last 2 days of December. Prepare the adjusting entries at December 31, 2022. (Credit account titles are automotically indented when the amount is entered. Do not indent manually.)