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2 pts) Four transactions are given below that were completed during 20A by the Molly...

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Accounting

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2 pts) Four transactions are given below that were completed during 20A by the Molly and Terry Company. The annual accounting period ends December 31. Provide the required adjusting entries. A. On January 1, 20A, the Molly and Terry Company purchased office equipment that cost $12,000, paying cash. The estimated life of the office equipment was four years (no residual value.) B. On May 1, 20A, the Molly and Terry Company received $24,000 for one year's rent beginning on that date. The rent receipt was recorded as follows: payment was recorded as follows: CashUnearnedRentRevenue$24,000$24,000 C. The Molly and Terry Company purchased office supplies during the year that cost $1,900 and placed the supplies in a storeroom for use as needed. The purchase was recorded as follows: February 1, 20A: Office supplies expense Cash $1,900 $1,900 At the end of 20A, a count showed unused office supplies of $500 in the storeroom. There was $350 beginning inventory of supplies on hand. D. On December 31,20A, the Molly and Terry Company owed employees $6,000 for wages earned during December. These wages had not been paid nor recorded. December 31, 20A-Adjusting entry

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