Please help me answer these questions in details, including the calculation. Thanks!

Prepare adjusting journal entries for the following transactions. Assume a December 31 year end. If a reversing entry is required, please make the entry 1. On May 31, Acker Corporation prepaid $120,000 cash for 24 months of insurance coverage and debited Insurance Expense. 2. On July 31, a customer prepaid $360,000 cash to Acker Corporation for 18 months of consulting services. Prepayment was credited to Consulting Revenue. 3. On October 1, Acker Corporation borrowed $800.000 from a local bank and signed a 12% promissory note due on September 30 of the following year. 4. On September 1, Acker Corporation lent $200,000 cash to a supplier, who signed a 9% promissory note due on February 28 of the following year. 5. On January 1, the beginning balance in the Supplies Inventory was $10,000. During the year, Acker Corporation purchased $120,000 of supplies and debited the inventory account. The ending balance in the inventory account was $18,000 on December 31. 6. On January 1, Acker Corporation purchased equipment costing S950,000. The salvage value was $50,000, and the estimated life was 10 years. The Acker Corporation uses the straight-line method for computing depreciation. 7. On December 31, Acker Corporation received a utility bill for December in the amount of $975. Payment is due by January 20 of the following year. 8. The Acker Corporation pays $600,000 total salaries to employees for every two-week payroll period. The year-end of December 31 is the Wednesday of the first week of that particular payroll period. Assume a five-day work week. 9. The Acker Corporation generated S1,800,000 pre-tax income for the year. The income tax rate is 21%. No tax deposits have been made. 10. On September 1, Acker Corporation contracted with an advertising firm to advertise their products on television commercials. The advertising firm required Acker to prepay $10,800 cash for 12 months of commercial advertisements. The amount was debited to Prepaid Advertising. 11. On April 1, a client contracted with Acker Corporation to provide consulting services for 24 months Acker Corporation required the client to prepay $84,000. The client prepayment was credited to Unearned Consulting Revenue