Zoom Add Page Insert Table Chart Text Shape Media Comment Question 1: (5 Marks) At the first of December, Waleed invest $25,000 in a new Call Center Company (CCC). The following transactions occurred during the month. On December 1, Purchase office equipment of $3000, he issued 3-months note payable. 5 Received cash for future services of $1200. 10 Paid rent for cash $ 800. 13 Purchase supplies on account of $ 1200. 25 Paid salaries of $6500 cash 28 Paid accounts payable 600 $ cash. 31 Paid one-year policy, effective date December 1 of $800 Instructions: a) Prepare the journal entries for Waleed Company, b) Post the journal entries to T accounts ONLY for cash account (4 Marks) (1 Marks) (4 Marks) Question 2: 200m Do Collaborate Add Page Insert Table Chart Text Shape Media Comment Question 2: (4 Marks) UAE Company prepares monthly financial statements. Below are listed some selected accounts as September 30 trial balance. UAE COMPANY Trial Balance (Selected Accounts) September 30, 2018 To Body Style Layou Font Debit Credit Office Supplies.. $ 2,700 Prepaid Insurance 4,200 Office Equipment.. 16,200 Accumulated Depreciation --Office Equipment. $1,000 Uneamed Rent Revenue .... 1,200 (Note: Debit column does not equal credit column because this is a partial listing of selected account balances) Times New Roman (Ca Character Styles None 2 Alignment Spacing 1.0 - Single Bullets & Lists None An analysis of the account balances by the company's accountant provided the following additional information: 1. A physical count of office supplies revealed $1,100 on hand on September 30, 2. A year life insurance policy was purchased on June 1 for $4,800. 3. The amount of rent received in advance that remains unearned at September 30 is $500. Instructions Using the above additional information, prepare the adjusting entries that should be made by UAE Company on September 30