# Journalizing adjusting entries and subsequent journal entriesP3-33ALaughter Landscaping has collected the following data for the December 31 adjustingentriesa. Each Friday, Laughter pays employees for the current week's work. The amountof the weekly payroll is \$8,000 for a five-day workweek. This year, December 31falls on a Tuesday. Laughter will pay its employeeson January 3b. On January 1 of the current year, Laughter purchases an insurance policy thatcovers two years, \$8,000.was \$4,300. During the year, Laughterc. The beginning balance of Office Suppliespurchased office supplies for \$5,600, and at December 31 the office supplies onhand total \$1,500.d. During December, Laughter designed a landscape plan and the client prepaid\$6,500. Laughter recorded this amount as Unearned Revenue. The job will takeseveral months to complete, and Laughter estimates that the company hasearned 40% of the total revenue during the current year.e. At December 31, Laughter had earned \$3,000 for landscape services completedfor Turnkey Appliances. Turnkey has stated that it will pay Laughter onJanuary10.f. Depreciation for the current year includes Equipment, \$3,000; and Trucks,\$2,200 g. Laughter has incurred \$250 of interest expense on a \$550 interest payment dueon January 15.Requirements1. Journalize the adjusting entry needed on December 31 for each of the previousitems affecting Laughter Landscaping. Assume Laughter records adjustingentries only at the end of the year.2. Journalize the subsequent journal entries for adjusting entries a, d, and g.

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Step 1

1. Record the adjusting entry on D...

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