The Office Supplies account started the year with a $3,875balance. During 2015, the company purchased supplies for $16,004,which was added to the Office Supplies account. The inventory ofsupplies available at December 31, 2015, totaled $3,410.

Record the adjusting entry related to the company'sinsurance.

The company has 15 employees, who earn a total of $2,650 insalaries each working day. They are paid each Monday for their workin the five-day workweek ending on the previous Friday. Assume thatDecember 31, 2015, is a Tuesday, and all 15 employees worked thefirst two days of that week. Because New Year’s Day is a paidholiday, they will be paid salaries for five full days on Monday,January 6, 2016.

The company purchased a building on January 1, 2015. It cost$875,000 and is expected to have a $45,000 salvage value at the endof its predicted 30-year life. Annual depreciation is $27,667.

Since the company is not large enough to occupy the entirebuilding it owns, it rented space to a tenant at $2,500 per month,starting on November 1, 2015. The rent was paid on time on November1, and the amount received was credited to the Rent Earned account.However, the tenant has not paid the December rent. The company hasworked out an agreement with the tenant, who has promised to payboth December and January rent in full on January 15. The tenanthas agreed not to fall behind again.

On November 1, the company rented space to another tenant for$2,265 per month. The tenant paid five months' rent in advance onthat date. The payment was recorded with a credit to the UnearnedRent account.

Note: Enter debits before credits.

	Transaction GeneralJournal Debit Credit a

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Office supplies expense