Each of the following independent events requires a year-end adjusting entry. Show how each event and its related adjusting entry affect the accounting equation. Assume a December 31 closing date. The first event is recorded as an example.

Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar. Enter any decreases to account balances with a minus sign. Leave cells blank if no input is needed.

Paid $6,500 cash in advance on October 1 for a one-year insurance policy.

Received a $5,300 cash advance for a contract to provide services in the future. The contract required a one-year commitment, starting April 1.

Purchased $2,050 of supplies on account. At years end, $260 of supplies remained on hand.

Paid $11,640 cash in advance on August 1 for a one-year lease on office space.

The Accounting Equation
Event or Adjustment	Total Assets	=	Liabilities	+	Stockholders Equity
Cash	+	Other Assets	Common Stock	+	Retained Earnings
a.	(6,500)	+	6,500	=		+		+
a. Adjustment		+	(1,625)	=		+		+	(1,625)
b.		+		=		+		+
b. Adjustment		+		=		+		+
c.		+		=		+		+
c. Adjustment		+		=		+		+
d.		+		=		+		+
d. Adjustment		+		=		+		+