D Question 2 14 pts Beignet Heaven had the following separate situations occur during 2020. The company's accountant is preparing the annual financial statements December 31, 2020 and has asked you to prepare the adjusting entries for each station a) The Suppliers account had a beginning of the month balance of 53000. During the month (Decembert, an additionat $2.000 or sudalies were purchased The ending balance in supplies was $250. b) On August 1, the company prepaid for annual rent in the amount of $120.000. The best adjusting entry was made Oct 31. Employees will earn $140,000 for the seven day week starting Monday, December 30. Thursday is the end of the year. Employees were paid through the previous Friday and will not be issued another paycheck until January 2. 2021. d) On August 1st. Baboon College a customer, made an advance payment for a first Friday beignet party where employees are sent a beignet the first Friday of every month for the next year, starting September. They paid $6,000 for the next year. As of December 31, 2020, no adjusting entries have been recorded for this e) The company took out a loan of $75.000 to purchase a machine on April 1. Interest on the boots 8% per year. The last adjustment the company recorded was made on Sep 30 Record the end of year adjusting entry related to the loan. f) The company took out a loan of $75,000 to purchase a machine on April 1. It will depreciate at $7,500 per year. The last adjustment the company recorded was made on Sep 30. Record the end of year adjusting entry. REQUIRED: Prepare the adjusting entries for each situation. Show your calculations and NO journal entry descriptions required