Ouellette & Associates began operations on January 1, 2021. Its fiscal year end is December 31 and it prepares financial statements and adjusts its accounts annually. Selected transactions for 2021 follow: 1. On January 10, bought office supplies for $3,600 cash. A physical count at December 31, 2021, revealed $ 840 of supplies still on hand. 2. Paid cash for a $ 8,340, one-year insurance policy on February 1. The policy came into effect on this date. 3. On March 31, purchased equipment for $ 21,120 cash. The equipment has an estimated eight-year useful life. 4. Rented office space on September 1 for a one-year period for $540 per month. Paid annual rent of $ 6,480 in cash. 5. On October 15, received a $ 1,755 advance cash payment from a client for accounting services expected to be provided in the future. As at December 31, one third of these services had not been performed. 6. On November 1, rented out unneeded office space for a six-month period starting on this date, and received a $ 1,755 cheque for the first three months' rent. (a) Prepare journal entries to record transactions 1 to 6. All prepaid costs should be recorded in asset accounts. All revenue collected in advance of providing services should be recorded as liabilities. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to the nearest whole dollar, eg. 5,275. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) No. Date Account Titles and Explanation Debit Credit 1. . 2