PE 3-3A Adjustment for prepaid expenseThe supplies account had a beginning balance of $1975 and was debited for $4125 for supplies purchased during the year. Journalize the adjusting entry required at the end of the year assuming the amount of supplies on hand is $1850.PE 3-3B Adjustment for prepaid expenseThe prepaid insurance account had a beginning balance of $9600 and was debited for $12900 of premiums paid during the year. Journalize the adjusting entry required at the end of the year assuming the amount of unexpired insurance related to future periods is $7360.PE 3-4A Adjustment for unearned revenueThe balance in the unearned fees account before adjustment at the end of the year is $78500. Journalize the adjusting entry required assuming the amount of unearned fees at the end of the year is $33675.PE 3-4B Adjustment for unearned revenueOn June 1 2014 Herbal Co. received $18900 for the rent of land for 12 months. Journalize the adjusting entry required for unearned rent on December 31 2014.PE 3-5A Adjustment for accrued revenuesAt the end of the current year $12840 of fees have been earned but have not been billed to clients. Journalize the adjusting entry to record the accrued fees.PE 3-5B Adjustment for accrued revenuesAt the end of the current year $17555 of fees have been earned but have not been billed to clients. Journalize the adjusting entry to record the accrued fees.PE 3-6A Adjustment for accrued expense Connect Realty Co. pays weekly salaries of $16250 on Friday for a five-day workweek ending on that day. Journalize the necessary adjusting entry at the end of the accounting period assuming that the period ends on Wednesday.PE 3-6B Adjustment for accrued expenseProspect Realty Co. pays weekly salaries of $27600 on Monday for a six-day workweek ending the preceding Saturday. Journalize the necessary adjusting entry at the end of the accounting period assuming that the period ends on Friday.PE 3-7A Adjustment for depreciationThe estimated amount of depreciation on equipment for the current year is $9100. Journalize the adjusting entry to record the depreciation.PE 3-7B Adjustment for depreciationThe estimated amount of depreciation on equipment for the current year is $7700. Journalize the adjusting entry to record the depreciation.GROUP 2 Problems (4 points each total available 34 points)EX 3-3 Adjusting entry for suppliesThe balance in the supplies account before adjustment at the end of the year is $2389. Journalize the adjusting entry required if the amount of supplies on hand at the end of the year is $830.EX 3-6 Adjusting entries for prepaid insuranceThe balance in the prepaid insurance account before adjustment at the end of the year is $21700. Journalize the adjusting entry required under each of the following alternatives for determining the amount of the adjustment: (a) the amount of insurance expired during the year is $16450; (b) the amount of unexpired insurance applicable to future periods is $5250.EX 3-8 Adjusting entries for unearned feesThe balance in the unearned fees account before adjustment at the end of the year is $37500. Journalize the adjusting entry required if the amount of unearned fees at the end of the year is $12300.EX 3-10 Adjusting entry for accrued feesAt the end of the current year $8450 of fees have been earned but have not been billed to clients. a. Journalize the adjusting entry to record the accrued fees. b. If the cash basis rather than the accrual basis had been used would an adjusting entry have been necessary? Explain.EX 3-13 Adjusting entries for accrued salaries a. Amount of entry: $7050Ocular Realty Co. pays weekly salaries of $11750 on Friday for a five-day workweek ending on that day. Journalize the necessary adjusting entry at the end of the accounting period assuming that the period ends (a) on Wednesday and (b) on Thursday.EX 3-18 Adjustment for depreciationThe estimated amount of depreciation on equipment for the current year is $6760. Journalize the adjusting entry to record the depreciation.PR 3-1A Adjusting entries (5 points)On July 31 2014 the following data were accumulated to assist the accountant in preparing the adjusting entries for Atrium Realty:a.The supplies account balance on July 31 is $6880. The supplies on hand on July 31 are $2200.b.The unearned rent account balance on July 31 is $9200 representing the receipt of an advance payment on July 1 of four months rent from tenants.c.Wages accrued but not paid at July 31 are $1850.d.Fees accrued but unbilled at July 31 are $11700.e.Depreciation of office equipment is $3500.Journalize the adjusting entries required at May 31 2014.PR 3-1B Adjusting entries (5 points)On May 31 2014 the following data were accumulated to assist the accountant in preparing the adjusting entries for Oceanside Realty:a.Fees accrued but unbilled at May 31 are $19750.b.The supplies account balance on May 31 is $12300. The supplies on hand at May 31 are $4150.c.Wages accrued but not paid at May 31 are $2700.d.The unearned rent account balance at May 31 is $9000 representing the receipt of an advance payment on May 1 of three months rent from tenants.e.Depreciation of office equipment is $3200Journalize the adjusting entries required at May 31 2014.