Part A (14 marks) Palau Accounting Service has the following balances in selected accounts on December 31,2022. All of the accounts have normal balances. The information below has been gathered at December 31 , 2022. a) Palau Accounting Service paid $2,160 for 18 months of insurance coverage on September 1 , 2022 . b) Palau Accounting Service performed accounting services for a client in December 2022. The client received the bill of $6,400 on the same date, and the amount to be paid in 30 days. c) On October 30, 2022, Palau Accounting Services collected $16,000 from clients for accounting jobs to be performed for 4 months starting from November 1, 2022. (Hint: Service revenue is earned evenly over the 4 months) d) The notes payable required an interest payment to be made every three months. The amount of unrecorded accrued interest at December 31, 2022 was $860. e) As at December 31,2022 , staff had earned salaries of $1,580 but unpaid. f) Depreciation expense of machinery for the year is $4,920. g) The Supplies account had a debit balance $680 on January 1, 2022. During 2022, $700 of office supplies were purchased but not recorded. A physical count of supplies at December 31,2022 shows $500 of supplies available. Required: (Explanation is NOT required) Based on the information provided above, prepare the necessary adjusting entries at December 31 , 2022. (Hint: It is not required to prepare journal entries for transactions occurred durihg the year.)