My Company had the following selected transactions during its first month of operations:

Dec $1$ Purchased $$15,000$ of equipment on account for the office.

Dec $3$ Paid $6-$months worth of rent for $$2,700.$

Dec $15$ Purchased $$1,800$ of supplies on account.

On December $31,$ the following adjustments must be made:

One month of rent paid in advance has been used.

A physical count shows only $$1,450$ of supplies remains in the storage closet.

Depreciation on the equipment for the first month is $$250.$

One$-$half of the $$1,250$ received as a deposit from a client has been earned.

Prepare adjusting entries required $($hint: use the Account List $-$ click to pop open to help you with your

journal entries$).$