Please explain every step in detail.

The ledger accounts given below, with an identification number for each, are used by Cheyenne's Lawn Care. Instructions: Prepare appropriate adjusting entries for the year ended December 31, 2014, by replacing the appropriate identification number(s) in the debit and credit columns provided and the dollar amount in the adjoining column. Item O is given as an example. 1. Notes Receivable 2. Accounts Receivable 3. Prepaid Advertising 4. Lawn Care Supplies 5. Prepaid Insurance 6. Equipment 7. Accumulated Depreciation-Equipment 8. Salaries and Wages Payable 9. Interest Payable 10. Unearned Service Revenue 11. Notes Payable 12. Lawn Service Revenue 13. Advertising Expense 14. Depreciation Expense-Equipment 15. Salaries and Wages Expense 16. Interest Expense 17. Lawn Care Supplies Expense 18. Insurance Expense 19. Cash 20. Insurance payable Account(s) Debited Account(s) Credited No. Entry Information Amount 0 18 20 $300 Auto insurance is accrued for the month of December, $300 1 8 4 $ Cheyenne's has four employees who earn $ 86 per day per person. At December 31, two days' salaries have been earned by employees but not paid 2 19 10 $ 8,460 A customer paid Cheyenne's $ 8,460 on December 1, 2014 for services to be rendered from December 1 through March 31, 2014. The receipt was credited to a liability account. 3 Cheyenne's purchased equipment costing $ 36,096 on January 1, 2014. Monthly depreciation is $470. 6 - 14 4 $ 30,456 4 12 2 $ 1,034 Cheyenne's provided lawn services to a customer in 2014 at a fee of $ 1,034. This fee has not yet been received or billed. 5 17 4 4 $ 5,170 Cheyenne's started the year with $ 376 of lawn care supplies on hand. It purchased $5,452 more during the year and has $ 658 on hand at December 31. Cheyenne's recognizes supplies as an asset when acquired. 6 On July 1, 2014, Cheyenne's paid $ 2,256 for a two-year insurance policy debiting an asset account at that time. 54 19 $ 564 7 Cheyenne's borrowed $8,600 by signing a three-month, 6% interest, note payable on December 1, 2014. 4 $ 8 On November 1, Cheyenne's had paid $3,384 for advertising in the Money Saver Magazine for 3 months. A $