Three Transactions Given Below Were Completed During 2014 by Story $\quad$

question 19

Essay

Three transactions given below were completed during 2014 by Story Company.
A. On June 1, 2014, Story Company paid $12,600 for one year's rent beginning on that date. The rent payment was recorded as follows:
B. On February 1, 2014, Story Company purchased office supplies during the year that cost $700 and placed the supplies in a storeroom for use as needed. The purchase was recorded as follows:
At December 31, 2014, a count showed unused office supplies of $200 in the storeroom. There was no beginning inventory of supplies on hand.
C. On December 31, 2014, Story Company owed employees $2,000 for wages earned during December. These wages had not been paid or recorded.
Required:
Prepare the adjusting entries as of December 31, 2014, assuming no adjusting entries have been made during the year.
Prepaid rent $\quad$ 12,600
Cash $\quad$ 12,600 Office supplies inventory $\quad$ 700
Cash $\quad$ 700

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Definitions:

Enuresis

A condition characterized by involuntary urination, especially by children at night, also known as bedwetting.

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A genetic disorder where the body is unable to break down the amino acid phenylalanine, leading to its accumulation and potential brain damage.

Children

Individuals who are in the early stages of their lives, typically defined as beings from birth through adolescence.

Intellectual Disability

A generalized neurodevelopmental disorder characterized by significantly impaired intellectual and adaptive functioning, diagnosed based on IQ scores and adaptive behaviors.