2. Maraczek LLP is preparing its September 2021 financial statements. The ledger accounts of the business are as follows: Assets Llabilities Equity Cash Accounts receivable Inventory Prepaid expense Supplies Equipment Accumulated depreciation Accounts payable Interest payable Salaries payable Deferred revenue Long-term debt Capital stock Retained earnings Dividends client revenue Salaries expense Interest expense Rent expense Insurance expense Depreciation expense Utilities expense The firm has completed its September 30, 2021 trial balance. In the Journal provided, make the adjusting entries for the following: 1. The firm pays monthly salaries twice per month on the 17th of the current month and the 2nd of the subsequent month. The total September salaries came to $10,000 $5,000 for the first half of the month and $5,000 for the second half of the month. 2. The firm has a long-term loan from TGF Bank for $60,000 at 4% Interest per year. Interest is paid twice per year on June 30 December 31. 3. On January 1 the firm paid the premium on a twelve-month Insurance policy. The premium was $60,000 4. On July 1, a cllent advanced the firm $30,000 for work to be completed in July, August and September. The firm completed one third of the contract per month, completing it to the client's satisfaction on September 30. 5. On January 1, 2015 the firm acquired a plece of machinery for $120,000. The total estimated useful life of the machine is 10 years