Person Spectra Lid provides legal advisory services. The company's year-end is June 30 and adjusting entries are only prepared at year-end, on June 30 Forsch of the following ustions, prepare the necessary adjusting entry on June 30, 2021. If no entry is required, clearly indicate by writing No Entry 1. Person Spectra Ltd pays its staff every Friday. The company's weekly payroll is $50,000 for a five-day work weak (Monday to Friday, June 30, 2001 falls on a Wednesday 2. On July 1, 2020, Pearson fpectra Lahad an opening balance of $1.500 nits Supplies account. During the fiscal year, the company purchased supplies worth $1.200 On June 30 2021, the company had $1.300 of supplies on and 3. On March 31, 2021, Person Sectra Lid. obtained a 6-month loan for $100.000. Interest on the loan will be paid on September 30, 2021 when the loan matures On July 1, 2020, Person Spectra Lid. had a balance of $1,200 in its Prepaid Insurance MOcount representing 6 months of insurance to December 31, 2000. On December 28, 2020, the company purchased a 1-year insurance policy beginning on January 1, 2021 for $3,000. Person Spectra Ltd. recorded the December 28, 2000 payment to Prepaid Insurance 5. On January 1, 2001, Person Spectra Lid purchased a photocopier for $63,000. The company paid $20.000 cash for the photocopier and obtained a two-year interest free loan for the remaining balance. The photocopier has an estimated useful life of 7 years