- Questions - WordPad format. Some content might be missing or displayed improperly. I The ledger of Casper Consulting at January 31, 2015 includes the following selected accounts: Debit Credit Prepaid insurance $ 3,600 Supplies 1,800 Building 100,000 Land 60,000 Notes payable $90,000 Uneared service revenue 8,000 Casper's accountant is inexperienced, and he would like your help in preparing the company's January 31, 2015 financial statements. He has provided you with the following information: 1. A one-year insurance policy costing $3,600 was purchased on January 1, 2015. At that time the full amount was debited to prepaid insurance. 2. A physical inventory count on January 31, 2015 revealed $800 in supplies were still remaining 3. Land and building were purchased on January 1, 2015 at a cost of $160,000 The building has an expected useful life of 20 years. The purchase was financed by paying $70,000 in cash and the balance on a 2-year, 8% note payable. Interest for the month of January was 5600 4. Unearned service revenue related to a client retainer paid on January 15, 2015. On January 31, 2015, half of this amount has been earned. 5. Fees earned but unbilled for the month of January amounted to $5,000 6. A bill from Bell Telephone was received on January 29 and was unrecorded on January 31, 2015. $750 of the bill related to January telephone charges and $125 related to internet fees for February Required: Prepare the adjusting journal entries required at the month end January 31, 2015 Please place your answer in the related worksheet Q8 in the excel file provided