Prepare the required end-of-period adjusting entries for each independent case listed below. Case 1 Thomas Company, a private company, began the year with a $3,000 balance in the Office Supplies account. During

Prepare the required end-of-period adjusting entries for each independent case listed below.
Case 1
Thomas Company, a private company, began the year with a $3,000 balance in the Office Supplies account. During the year, $8,500 worth of additional office supplies were purchased. A physical count of office supplies on hand at the end of the year revealed that $5,100 worth of office supplies were on hand at year end. No adjusting entry has been made until year end.
Case 2
Carson Company has a calendar year-end accounting period. On July 1, the company purchased office equipment for $28,800. It is estimated that the office equipment will have a useful life of six years. No adjusting entry has been made until year end.
Case 3
Chan Realty is in the business of renting several apartment buildings and prepares monthly financial statements. It has been determined that 3 tenants in $600 per month apartments and one tenant in a $1,000 per month apartment had not paid their August rent as of August 31.
1. A one-year insurance policy costing $3,600 was purchased on January 1, 2014. At that time the full amount was debited to prepaid insurance.
2. A physical inventory count on January 31, 2014 revealed $800 in supplies were still remaining.
3. Land and building were purchased on February 1, 2013 at a cost of $160,000. The building has an expected useful life of 20 years. The purchase was financed by paying $70,000 in cash and the balance on a 2-year, 8% note payable. Interest on the note is due at maturity.
4. Unearned service revenue related to a client retainer paid on January 15, 2014. On January 31, 2014, one-quarter of this amount has been earned.
Instructions
Prepare the adjusting journal entries required at January 31, 2014.

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