3. Make the following adjusting entries: (4 points) a. On Jan. 1, equipment was purchased for $18,000 cash. The equipment will be depreciated evenly over its estimated useful life of 5 years. What adjusting entry should be made on Dec. 31? Show your calculations. b. At the beginning of the month, the balance in the Supplies account was $200. During the month the company purchased $150 in supplies. At the end of the month, only $100 of supplies remains. What adjusting entry should be made at the end of the month? Show your calculations. c. On June 1, the company paid $12,000 in advance for a 1-year insurance policy. What adjusting entry should be made on December 31 of this year? Show your calculations. d. On September 1, a company borrowed $5,000 from the bank at 12% annual interest. What amount of interest expense should the company record when it makes an adjusting entry on December 31 of that year? Show your calculations