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The following are several transactions of Ardery Company thatoccurred during the current year and were recorded in permanent(that is, balance sheet) accounts unless indicated otherwise: DateTransactionApr. 1 Purchased a delivery van for $16,000, paying $1,000 down,and issuing a 1-year, 6% note payable for the $15,000 balance. Itis estimated that the van has a 4-year life and an $800 residualvalue; the company uses straight-line depreciation. The interest onthe note will be paid on the maturity date.May 15 Purchased $800 of office supplies.June 2 Purchased a 2-year comprehensive insurance policy for$1,200.Aug. 1 Received 6 months' rent in advance at $300 per month andrecorded the $1,800 receipt as Rent Revenue.Sept. 15 Advanced $600 to sales personnel to cover their futuretravel costs.Nov. 1 Accepted a $6,000, 6-month, 10% (annual rate) notereceivable from a customer, the interest to be collected when thenote is collected.The following information also is available:1. On January 1, the Office Supplies account had a $250 balance.On December 31, an inventory count showed $180 of office supplieson hand.2. The weekly (5-day) payroll of Ardery Company amounts to$2,000. All employees are paid at the close of business eachWednesday. A 2-day accrual is required for the current year.3. Sales personnel travel cost reports indicate that $500 ofadvances had been used to pay travel expenses.4. The income tax rate is 30% on current income and is payablein the first quarter of next year. The pretax income before theadjusting entries is $8,655.Required: On the basis of the above information, prepare journalentries to record whatever adjustments are necessary to bring theaccounts up to date on December 31.