Nickleby's Ski Store is completing the accounting process for its first year ended December 31, 2020. The transactions during 2020 have been journalized and posted. The following data are available to determine adjusting journal entries: a. The unadjusted balance in Office Supplies was $1,700 at December 31,2020 . The unadjusted balance in Supplies Expense was $0 at December 31, 2020. A year-end count showed $270 of supplies on hand. b. Wages earned by employees during December 2020 , unpaid and unrecorded at December 31,2020 , amounted to $10,500. The last paycheques were issued December 28; the next payments will be made on January 6,2021 . The unadjusted balance in Wages Expense was $74,000 at December 31,2020 . c. Part of the store's basement is now being rented for $2,800 per month to K. Frey. On November 1, 2020, the store collected six months' rent in advance from Frey in the amount of $16,800. It was credited in full to Deferred Rent Revenue when collected. At December 31,2020 , the unadjusted Rent Revenue balance was $0. d. The store purchased delivery equipment at the beginning of the year. The estimated depreciation for 2020 is $20,000, although none has been recorded yet. e. On December 31, 2020, the unadjusted balance in Prepaid insurance was $11,600. This was the amount paid in the middle of the year for a two-year insurance policy, with coverage beginning on July 1, 2020. The unadjusted balance in insurance Expense was $1,650, which was the cost of insurance from January 1 to June 30,2020 f. Nickleby's store did some ski repair work for Frey. On December 31, 2020, Frey had not yet paid for work completed, amounting to $1,600. This amount has not yet been recorded as Repair Shop Revenue. Collection is expected during January 2021. Required: Earlier in 2020, Nickleby's store had already provided, recorded, and collected cash for $13,500 of repair services for other customers. 2. For each situation, prepare the adjusting journal entry that should be recorded for Nickleby's at December 31, 2020. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet 2=3456 The unadjusted balance in Office Supplies was $1,700 at December 31,2020 . The unadjusted balance'in Supplies Expense was $0 at December 31,2020 . A year-end count showed $270 of supplies on hand. Note: Enter debits before credits