Jestion 4-20 Marks January 1, you started a tutoring business and charge $120 an hour for tutoring. The following are Our transactions for 2021. A. B C D E F On January 1, you purchased a computer from Dell. for $7,500 cash. You estimate that your computer will last five years. After that time, you will donate the computer to local charity. On February 1, you paid $5,100 cash for two-years of insurance coverage. On March 1, you purchased supplies including paper, pens, and notebooks for $850 cash at Staples Canada Inc. At the end of the year, you had $83 of supplies left. On November 1, Karen, a student, pays cash for seven hours of tutoring per month, for November 2021, December 2021, and January 2022. You tutor Mark for ten hours in December. However, Mark was away for holidays and has promised to pay you in January 2022. On 31 December 2021. Rogers sends your December business cell phone bill for $215. The bill is due January 15, 2022. Assume you are using Straight Line Method to depreciate the asset. Required 1. For transactions (a) to (d), record the initial journal entry during the year. 2. For transactions (a) to (f), record the adjusting entries on December 31, 2021