12) Prepare adjusting entries for the following transactions. Explanations NOT required. (10 marks). a) Depreciation on fumiture is $750. b) There was a prepayment (cash advance) received earlier in the year for $2.500 for a 90 day service contract. To date, 6 days of service has been completed. No adjustment has occurred for this contract since the collection was recorded. There was a beginning balance of supplies of $275 and the company purchased $430 of additional supplies during the year. At the end of the year, $75 of supplies were on hand. d) Prepaid Insurance had a $1,000 normal balance prior to adjustment. By year end 5800 had expired. Employees are paid a lotal salary of 5000 per unik day. There we work days between the last pay day and vear-end for which no amunt hasten paid on receded