Our company does financial statements yearly on December 31. Make the adjusting entry for each of the following: 1 At the beginning of the year, the account Supplies had a balance of $5,000. During the year, we purchased supplies for $12,000 and debited Supplies. At December 31, we had $3,000 in supplies on hand. 2 At December 31, our company owed its employees $27,000. Payday was the following January 15 when we paid our employees $60,000. 3 On October 1, our company received $36,000 from a client for consulting services to be provided by our company over the following 9 months. We credited "Unearned Consulting Revenue