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Question 4 (25 points) Paperclip Office Supplies's year-end is June 30, 2021. The company requires you to make adjusting entries on this date, based upon the following information and the unadjusted trial balance below. Instead of explanations for your entries, show any calculation that may be necessary. Do not prepare an adjusted trial balance. (25 marks) 1 Annual depreciation of equipment is $22,623. 2 In May, the company entered into a contract to provide services for a customer. The customer paid $6,000 in advance. At year end, only $1,250 of the money was unearned. 3 As at June 30, the company consumed $3,802 of supplies that were previously on-hand. 4 Paperclip Office Supplies calculates that $791 worth of prepaid insurance expired this fiscal year. 5 Paperclip Office Supplies is open 7 days a week. This year, June 30, 2021, falls on a Wednesday. The weekly pay period end on Saturdays. If the daily cost of payroll is $610. calculate the adjusting entry for year-end. AND the payment of wages on the following Sunday. o KOD 2C The 8,600 10,800 6,600 1,500 8,200 92,500 $ 49,200 33,800 15,300 2,700 101 Cash $ 110 Accounts receivable 112 Notes receivable 113 Interest receivable 114 Supplies 124 Prepaid insurance 125 Prepaid rent 130 Equipment 131 Accumulated depreciation, equipment 160 Vehicles 161 Accumulated depreciation, vehicles 210 Accounts payable 215 Salaries payable 220 Unearned revenue 300 Emma Truheart, capital 310 Emma Truheart, withdrawals 400 Revenue 450 Interest revenue 610 Advertising expense 630 Depreciation expense, vehicles 631 Depreciation expense, equipment 640 Insurance expense 660 Rent expense 665 Supplies expense 670 Utilities expense 680 Wages and salaries expense 6,000 122,200 65,300 232,000 68,200 13,300 53,000 9,500 161,700 480,200 480,200 $

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