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Required: In the response area provided below, prepare general journal entries on Dec. 31,2020 to record the year-end adjustments from the information below. Include journal entry explanations. \begin{tabular}{|l|l|} \hline a) & On December 2,2020,$5,200 of supplies were purchased and recorded as an asset. A count revealed $1,000 still on hand at December 31,2020 . \\ \hline b) & Services performed during December but not yet billed to customers totaled $2,000. \\ \hline c) & Depreciation of equipment is recorded using the straight-line method over 10 years. The equipment was purchased on January 1,2020 for $300,000, and has no residual value at the end of its useful life. \\ \hline d) & Prepaid insurance expired during the month of December was $2,500. \\ \hline e) & On December 31,2020 utilities owed but not yet paid amounted to $500 \\ \hline f) & On January 10,2020$5,000 deposit was accepted from a client for tax work to be completed during the year. The deposit was recorded as unearned December 31,2020 all the tax work for the client is complete. \\ \hline \end{tabular}