Adjustments The following selected accounts of Birch Company have unadjusted balances as of December 31, the end of the fiscal year: Using the Transaction Analysis Template, determine the financial statement effect of the necessary adjustments as of Decembe 31, assuming the following: 1. On September 1, the company entered into a prepaid equipment maintenance contract. Birch Company paid $2,700 to cover maintenance service for 6 months, beginning September 1. 2. Supplies on hand at December 31 are $3,200. 3. Unearned commission fees at December 31 are $4,000. 4. Commission fees earned but not yet billed at December 31 are $2,800. 5. Birch Company's lease calls for rent of $900 per month payable on the first of each month, plus an annual amount equal to 1.0% of annual commissions earned. This additional rent is payable on January 10 of the following year. (Note: Be sure to use the adjusted amount of commissions earned in computing the additional rent.) TIP: Enter amounts that reduce the category as negative numbers