For each of the following prepare the journal to record the adjusting entry on December 31, 2020 for Brownstone Co. 1. Began the year with a $6,200 balance in the Supplies account. During the year, $2,750 worth of additional supplies were purchased. A physical count of supplies on hand at the end of the year revealed that $3,875 worth of supplies had been used during the year. Prepare adjusting entry on December 31. 2. Oct 1, 2020 the company purchased equipment for $45,000. The estimated useful life of the equipment is 9 years. No depreciation has been recorded for 2020. Record depreciation. 3 It has been determined that two tenants who are charged $950 per month and one tenant charged $1,400 per month had not paid their December rent as of December 31. 4. Signed a 12% loan for $50,000 on September 1, 2020. The loan is due August 31, 2022. Interest is paid on the 1st of every month for the previous month (interest for December will not be paid till January 1, 2021). Record interest for December, 2020. 5. The December telephone bill of $ 325 is unrecorded and will not be paid till January 31, 2021 6. On November 1, 2020 paid $6,000 insurance in advance for 24 months. No amount has been expensed in 2020. All of this is recorded in prepaid insurance. 7. The unadjusted trial balance on December 31 unearned revenue is $ 60,000. On December 31 $ 35,000 is still unearned. The cost of goods sold for the amount earned is $12,000.