1In general journal form, record the December 31 adjusting entries for the following transactions and events. Assume that December 31 is the end of the annual accounting period. a. Matrix pays its employees every Friday. Year-end, December 31, 2020, falls on a Wednesday. The employees have earned total wages of $50,000 for Monday through Wednesday of the week ending 1/02/2021 b. On December 1, 2020, Matrix received a check for $3,000, for the first four months franchise fees from one franchisee. Unearned Franchise Fees were recorded on that date. c. On January 1, 2020, Matrix, Inc. paid $3,600 for a 3-year fire insurance policy. Prepaid Insurance Expense were recorded on that date. d. On January 1, 2020, Matrix had office supplies $6,000 and it purchased supplies $20,000 during the year. Supplies were recorded when purchased. On December 31, Matrix counted $22,000 supplies left. e. On October 1, 2020, Matrix invested $10,000 for 6 months in a certificate of deposit that pays 6% interest per year. Matrix will not receive the interest until the CD matures on March 31, 2021.