4. DorC Company is preparing financial statements for the year ended 31 December 2021. The accountant has put together the following information for adjusting entries. Prepare adjustments for each of these items as needed. You may prepare journal entries, use the accounting effects template from your textbook or show in some other way which accounts are affected, and whether each account increases or decreases. You may assume that if you show a debit to a particular account, I know whether the debit means an increase or a decrease. a. Rent on a storage unit is paid for 6 months in advance. The most recent payment, for $18,000 was made on October 1 and added to Prepaid Rent at that time. No adjustments have been made since October 1. b. The utilities bill for December arrived on January 5 in the amount of $1,875. Payment is due by January 20. c. A physical count of office supplies on December 31 showed $674 of supplies on hand. The balance in the Supplies account is $2,916. d. Equipment has a useful life of 10 years and a historical cost of $176,000. It is depreciated on a straight-line basis. The estimated salvage value is $12,000. e. DorC completed a job for a client on December 28. The client will be billed for $39,500 on January 2. f. Another job was completed for a different client on December 26. The client paid $32,200 for this job on November 1. This amount was added to Unearned Revenue. No other entries have been made on this account since November 1. g. Employees have earned $15,400 in wages since the last pay date. This amount will be included in first payroll in January. h. On October 5, DorC converted a customer account to a note because the customer was having a difficult time making the required payment. The customer will pay the original amount of $74,000 plus interest at a 3% annual rate when the note matures on January 5.