what is the adjusting entry for the second question

WileyPLUS How To Record An Interes X 2' C edugen.wileyplus.com/edugen/student/mainfr.uni Ho me Read, Study & Practice Gradebook ORION Assignment Assianment > Open Assignment FULL SCREEN PRINTER VERSION BACK NEXT ASSIGNMENT RESOURCES Lab 4 O Exercise 4-6 roblem 4-24 O Exercise 4-4 (Part Leve/ Submission 9 Brief Exercise 4-11 Review Sco re Review Results bv Problem 4-2A Ouellette Corporation began operations on January 2. Its year end is December 31, and adjusts its accounts annually. Selected transactions for the current year follow: On January 2, purchased supplies for $4,440 cash. A physical count at December 31 revealed that $750 of supplies were still on hand. Purchased a vehicle for $45,250 on April 1, paying $5,380 cash and signing a $39,870 bank loan for the balance. The vehicle is estimated to have a useful life of 4 years. Purchased a $4,070, one-year insurance policy for cash on August 1. The policy came into effect on that date. 4. Received a $2,110 advance cash payment from a client on November g for services to be provided in the future. As at December 31, half of these services had been completed. On December 1, the company rented additional office space for a six-month period starting on December 1 for $1,180 each month. It paid rent for the months of December and January in advance on this date. Study Objective License Aareement Your answer is correct. For each of the above situations, prepare the journal entry for the original transaction. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Sr no. Privacy Policy Date Account Titles and Explanation Debit Credit Jan. 2 Supplies Apr. 1 Vehicles 2000-2015 John Wiley & Sons. Inc. All Rights Reserved. A Division of John Wiley & Sons. Inc. 0 Version 4.16.3.2 10:00 PM 13-Dec-15