Brokeback Towing Company is at the end of its accounting year, December $31,2021.$ The following data that must be considered were developed from the company$$s records and related documents:

On July $1,2021,$ a two$-$year insurance premium on equipment in the amount of $$920$ was paid and debited in full to Prepaid Insurance on that date. Coverage began on July $1.$

At the end of $2021,$ the unadjusted balance in the Supplies account was $$1,320.$ A physical count of supplies on December $31,2021,$ indicated supplies costing $$460$ were still on hand.

On December $31,2021,$ YY$$s Garage completed repairs on one of Brokeback$$s trucks at a cost of $$960.$ The amount is not yet recorded. It will be paid during January $2022.$

On December $31,2021,$ the company completed a contract for an out$-$of$-$state company for $$8,110$ payable by the customer within $30$ days. No cash has been collected and no journal entry has been made for this transaction.

On July $1,2021,$ the company purchased a new hauling van. Depreciation for July$$December $2021,$ estimated to total $$2,910,$ has not been recorded.

As of December $31,$ the company owes interest of $$660$ on a bank loan taken out on October $1,2021.$ The interest will be paid when the loan is repaid on September $30,2022.$ No interest has been recorded yet.

Assume the income after the preceding adjustments but before income taxes was $$46,000.$ The company$$s federal income tax rate is $30\%.$ Compute and record income tax expense.

Required:

Indicate the accounting equation effects $($amount and direction$)$ of each adjusting journal entry. Provide an appropriate account name for any revenue and expense effects. $($Enter any decreases to Assets, Liabilities, or Stockholders' Equity with a minus sign.$)$