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The following information concerns the adjusting entries to be recorded on November 30, 2023, for RailLink's year just ended.

Assume RailLink uses the straight-line method to depreciate its assets. For the ease of calculations, assume that salaries for Novemeber 30 is not considered for accrual purposes.

2. Prepare journal entries to record the subsequent cash transactions in December 2023 described in parts (c) and (e)

Journal entry worksheet 1 2 3 4 Note: Enter debits before credits. Journal entry worksheet Note: Enter debits before credits. Journal entry worksheet 6 Record the cost of insurance coverage that expired during the year. Note: Enter debiti before credits. Journal entry worksheet Note: Enter debits before credits. The following information concerns the adjusting entries to be recorded on November 30, 2023, for Railink's year just ended 0. The Office Supplies account started the year with a $4,500 balance. During 2023 , the company purchased supplies at a cost of $24,500. which was added to the Office Supplies account. The inventory of supplies on hand at November 30 had a cast of $6,000. b. An analysis of the company's insurance policies provided these facts: The total premium for each policy was paid in full at the purchase date, and the Prepaid insurance account was debited for the full cost Appropriate adjusting entries have been made to November 30, 2022 c. The company has 15 employees who eam a total of $4,500 in salaries for every working day. They are paid each Wednesday for their work in the five-day workweek ending on the preceding Friday. All 15 employees worked November 27 to December 1 inclusive. They will be paid salaries for five full days on Wednesday, December 6.2023 d. The company purchased a building on July 1,2023 The building cost $303,000 and is expected to have a $22,000 residual value at the end of its predicted 25 -year life. e. Because the company is not large enough to occupy the entire buiding, it arranged to rent some space to a tenant at $2,800 per month, starting on October 1, 2023. The rent was paid on time on October 1 , and the amount received was credited to the Rent Revenue account. However, the tenant has not paid the November rent. The company has worked out an agreement with the tenant, who has promised to pay both November's and December's rent in full on December 15. f. On October 1, the company also rented space to another tenant for $3.500. per month. The tenant paid five months rent in advance on that date The payment was recorded with a credit to the Unearned Rent account Journal entry worksheet Record the rent receivable. Notet Enter debits before credits. 1. Use the information to prepare the annual adjusting entries as of November 30,2023 . (Do not round int Round your final answer to nearest whole dollar.) Journal entry worksheet 56 Record the cost of supplies used during the year. Note: Enter debits before credits. Journal entry worksheet Record the accrued but unpaid salaries. Note: Enter debits before credits. Journal entry worksheet

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