A review of the ledger of Cullumber Company at December 31,2017 , produces these data pertaining to the preparation of annual adjusting entries. 1. Prepaid Insurance $18.830. The company has separate insurance policies on its buildings and its motor vehicles. Policy B4564 on the building was purchased on July 1, 2016, for $9.960. The policy has a term of 3 years. Policy A2958 on the vehicles was purchased on January 1,2017, for $10,530. This policy has a term of 18 months. 2. Unearned Rent Revenue $451,590. The company began subleasing office space in its new building on November 1. At December 31, the company had the following rental contracts that are paid in full for the entire term of the lease. 3. Notes Payable $44,800. This balance consists of a note for 6 months at an annual interest rate of 7%, dated October 1. 4. Salaries and Wages Payable \$0. There are 10 salaried employees. Salaries are paid every Friday for the current week. 6 employees receive a salary of 5655 each per week, and 4 employeos earn $730 each per week. Assume December 31 is a Wednesday Employees do not work weekends. All employees worked the last 3 days of December. Prepare the adjusting entries at December 31. 2017. (f no entry is required, select "No Entry" for the occount tities and enter O for the amounts. Credit occount titfes are automaticaliy indented when the amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit 1. 2 3. 4. List of Accounts Attempts: unlimited Submit Ariswer A review of the ledger of Cullumber Comparyy at December 31, 2017, produces these data pertaining to the preparation of annual adjusting entries. 1. Prepaid Insurance $18,830. The company has separate insurance policies on its buildings and its motor vehicles, Policy B4564 on the building was purchased on July 1,2016, for $9,960. The policy has a term of 3 years Policy A2958 on the vehicles was purchased on January 1, 2017, for $10,530. This policy has at term of 18 months 2. Unearned Rent Revenue \$451.590. The company began subleasing office space in its new building on November 1 At December 31 , the company had the following rental contracts that are paid infull for the entire term of the lease. 3. Notes Payable \$44,800. This balance consists of a note for 6 months at an annual interest rate of 7% dated October 1 . 4. Salaries and Wages Payable 30. There are 10 salaried employees Salaries are paid every Friday for the current woek. 6 employees recelve a salary of 5655 each per week, and 4 emplovees earn 5730 each per week. Assume December 31 is Wednesday. Employees do not work weekends. All cmployees worked the last 3 days of December. Prepare the adjustingentries at December 31, 2017. (f no entry is requined, select "No Entry' for the account tities and enter ofor the anounts Credit occount titles are outomatically indented when the amount is ertered. Do not indent manually. 4. Salaries and Wages Payable \$0. There are 10 salaried employees. Salaries are paid every Friday for the current week. 6 employees receive a salary of $655 each per week, and 4 employees earn $730 each per week. Assume December 31 is a Wednesday. Employees do not work weekends. All employees worked the last 3 days of December. Prepare the adjusting entries at December 31, 2017. Of no entry is required, select "No Entry" for the occount tities and enter O for the amounts. Credit account titles are automaticoly indented when the amount is entered. Do not indent monually) A review of the ledger of Cullumber Company at December 31,2017 , produces these data pertaining to the preparation of annual adjusting entries. 1. Prepaid Insurance $18.830. The company has separate insurance policies on its buildings and its motor vehicles. Policy B4564 on the building was purchased on July 1, 2016, for $9.960. The policy has a term of 3 years. Policy A2958 on the vehicles was purchased on January 1,2017, for $10,530. This policy has a term of 18 months. 2. Unearned Rent Revenue $451,590. The company began subleasing office space in its new building on November 1. At December 31, the company had the following rental contracts that are paid in full for the entire term of the lease. 3. Notes Payable $44,800. This balance consists of a note for 6 months at an annual interest rate of 7%, dated October 1. 4. Salaries and Wages Payable \$0. There are 10 salaried employees. Salaries are paid every Friday for the current week. 6 employees receive a salary of 5655 each per week, and 4 employeos earn $730 each per week. Assume December 31 is a Wednesday Employees do not work weekends. All employees worked the last 3 days of December. Prepare the adjusting entries at December 31. 2017. (f no entry is required, select "No Entry" for the occount tities and enter O for the amounts. Credit occount titfes are automaticaliy indented when the amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit 1. 2 3. 4. List of Accounts Attempts: unlimited Submit Ariswer A review of the ledger of Cullumber Comparyy at December 31, 2017, produces these data pertaining to the preparation of annual adjusting entries. 1. Prepaid Insurance $18,830. The company has separate insurance policies on its buildings and its motor vehicles, Policy B4564 on the building was purchased on July 1,2016, for $9,960. The policy has a term of 3 years Policy A2958 on the vehicles was purchased on January 1, 2017, for $10,530. This policy has at term of 18 months 2. Unearned Rent Revenue \$451.590. The company began subleasing office space in its new building on November 1 At December 31 , the company had the following rental contracts that are paid infull for the entire term of the lease. 3. Notes Payable \$44,800. This balance consists of a note for 6 months at an annual interest rate of 7% dated October 1 . 4. Salaries and Wages Payable 30. There are 10 salaried employees Salaries are paid every Friday for the current woek. 6 employees recelve a salary of 5655 each per week, and 4 emplovees earn 5730 each per week. Assume December 31 is Wednesday. Employees do not work weekends. All cmployees worked the last 3 days of December. Prepare the adjustingentries at December 31, 2017. (f no entry is requined, select "No Entry' for the account tities and enter ofor the anounts Credit occount titles are outomatically indented when the amount is ertered. Do not indent manually. 4. Salaries and Wages Payable \$0. There are 10 salaried employees. Salaries are paid every Friday for the current week. 6 employees receive a salary of $655 each per week, and 4 employees earn $730 each per week. Assume December 31 is a Wednesday. Employees do not work weekends. All employees worked the last 3 days of December. Prepare the adjusting entries at December 31, 2017. Of no entry is required, select "No Entry" for the occount tities and enter O for the amounts. Credit account titles are automaticoly indented when the amount is entered. Do not indent monually)