Hansel Hands incorporated his massage business on January $1.$ Prepare adjusting entries for his

first year in business, ending December $31.$ Put the letter of each adjustment in the date column.

a$.$ A one$-$year insurance policy was purchased for $$8,400$ on October $1$ and $$Prepaid

Insurance$$ was debited. Record the expired portion.

b$.$ Depreciation on equipment is $$1,500.$

c$.$ Performed massage services for clients at the end of the month that totaled $$1,800.$ The

clients will pay for the services early next year.

d$.$ Massage supplies purchased during the year amounted to $$8,600.$ On December $31,$ $$1500$

of supplies remained on hand.

e$.$ Received advance payments from clients amounting to $$15,000$ and credited $$Unearned

Revenue$.$ By the end of the year, $75\%$ of the services had been performed.

f$.$ Payroll for the five$-$day workweek, to be paid on Friday, is $$3,600.$ December $31$st falls on a

Tuesday