Part I Following are the transactions of Sustain Company. June 1 T. James, owner, invested $20,000 cash in Sustain Company. June 2 The company purchased $13,000 of furniture made from reclaimed wood on credit. June 3 The company paid $2,400 cash for a 12-month prepaid insurance policy on the reclaimed furniture June 4 The company billed a customer $12,000 for sustainability services provided. June 12 The company paid $13,000 cash toward the payable from the June 2 furniture purchase. June 20 The company collected $12,000 cash for services billed on June 4. June 21 T. James invested an additional $19,000 cash in Sustain Company. June 30 The company received $14,000 cash in advance of providing sustainability services to a customer Required: Prepare general journal entries for the above transactions Part II a. Depreciation on the company's equipment for the year is computed to be $17,000. b. The Prepaid Insurance account had a $6.000 debit balance at December 31 before adjusting for the costs of any expired coverage. An analysis of the company's insurance policies showed that $1,860 of unexpired insurance coverage remains. c. The Supplies account had a $370 debit balance at the beginning of the year, and $2,680 of supplies were purchased during the year. The December 31 physical count showed $437 of supplies available. d. Three-fourths of the work related to $13,000 of cash received in advance was performed this period. e. The Prepaid Rent account had a $5,500 debit balance at December 31 before adjusting for the costs of expired prepaid rent. An analysis of the rental agreement showed that $3,640 of prepaid rent had expired. f. Wage expenses of $2,000 have been incurred but are not paid as of December 31. Required: Prepare adjusting journal entries for the year ended December 31 for each separate situation