2. XYZ Company analysed each of its accounts on the last day of December 2020, the following information are available: A. Services related to unearned service revenue of $3,000 has now been earned. B. Salaries of $10,000 are still accrued. C. XYZ Company earned $1,200 from it's customers, but has not been recorded yet. D. XYZ Company purchased material supplies worth $25,000 on the first day of the year (this transaction is already recorded in the books). An inventory count on the last day of the year (December 31) revealed unused supplies worth $3,000 are still on hand. E. Prepaid insurance of $1200 has expired. Required: a. Write the adjusting journal entries for the above mentioned transactions. (5 marks) b. State the type of adjusting entry (only the name) for the above mentioned transactions