Orange Corporation prepares monthly financial statements. Prepare the adjusting entries for the month ended August 31, 2020. Omit explanations. a) The company received its bill for August utilities in the amount of $272. b) Orange Corporation loaned Bluewater, Inc. $20,000 on May 1. Bluewater, Inc. signed an 8-month, 6% interest note. c) The Supplies account began the month with a debit balance of $830. By the end of August, the inventory count was calculated to be $516 of supplies on hand. d) The semi-annual 6-month insurance policy was paid on April 20 for $1,470, effective May 1st. e) The company performed $2,750 of services by the end of the month but had not billed the customer. f) The company calculated $1,800 per year depreciation Equipment. g) Orange Corporation's weekly payroll is $3,600 and paid every Friday. August 31st falls on a Monday this year. h) Orange Corporation received a prepayment of $9,500 for a 5-month project in June. During August, Orange Corporation performed $3,100 of services on the contract