1. On January 1, 2020 a group of friends invested $300,000 cash and buildings of $700,000 in ABC Co., which in turn issued ordinary shares to them. Record the entry on January 1, 2020. 2. ABC Company purchased a 6-years insurance policy on October 1, 2020 for $60,000 cash. Record the entries on October 1, 2020 and December 31, 2020. 3. ABC Company received $200,000 on July 1, 2020 for services to be performed over four years. Record the entries on July 1, 2020 and December 31, 2020. 4. If ABC Company pays its employees each Friday and the amount of the weekly-Monday to Friday - salary is $1,000. This year, December 31 falls on a Tuesday. Record the entries on December 31, 2020 and January 2, 2021. 5. ABC Company provided consulting services for $100,000 on account during 2020. ABC Company collected 20% on February 15, 2021. Record the entries on December 31, 2020 and February 15, 2021