Each of the following independent events requires a year-end adjusting entry.

1. Paid $9,500 cash in advance on July 1 for a one-year lease on office space.
2. Purchased $2,500 of supplies on account on April 15. At year-end, $350 of supplies remained on hand.
3. Received a $10,300 cash advance on July 1 for a contract to provide services for one year beginning immediately.
4. Paid $3,000 cash in advance on February 1 for a one-year insurance policy.

Required Record each event and the related adjusting entry in general journal format. . Assume a December 31 closing date. (Do not round intermediate calculations. Round your final answers to the nearest whole dollar. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)