The following information is available for Jasmine Company Supplies – 3500 Prepaid Insurance – 12000 Unearned Revenue – 17800 Notes Payable – 20000 Additional Information Supplies worth 5000 were purchased throughout the year .At the end of the year 1200 worth of supplies remain on hand. Notes payable was signed on April 1 st and with 2 years maturity period and 10 %interest rate. 3500 of the unearned revenue has been earned . A 2 years Insurance was purchased on Sep 1 st .   PREPARE ADJUSTMENT ENTRIES ON DECEMBER 31

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