A company began operations December 1, 2019 and has a December 31 year-end. Below are select entries (both debits and credits) from December 2019 and January 2020in T-account form. The entries may reflect adjusting and/or closing entries as well as other transactions or events. Referring to the T-accounts, identify the appropriate explanation for each numbered entry. Customer payment for services just performed (not billed) Rent for current month Customer payment for services to be performed in the future Closing entry to record net loss amount Equipment depreciation Dividends payment Closing entry to close revenue account Supplies used Closing entry to close revenue account Supplies used Closing entry to record net income amount Supplies purchase Revenue earned relating to customer prepayment Equipment purchase Customer payment for services previously performed and billed Rent for several months in future