please help with Exs 3-4,5,6

Asignmt CHAPTER 3 Adusting Accounts for Financie Euercise 3-4 Preparing adjusting entries (annual)-depreciation L04 financial statements and has a December 31, 2020 year-end. The company's depreciation policy is to use the Mean Beans, a local coffee shop, has the following assets on January 1, 2020 Mean Beans prepares anal straight-line method to depreciate its assets On January 1, 2020, purchase equipment costing $15,000 with an estimated life of five years. Mean Beans will scrap the equipment after five years for so. Mean Beans estimates that it can sell the furniture for $2.000 after ten years. On July 1, 2020, purchase furniture (tables and chairs) costing $12.000 with an estimated life of ten years On January 1, 2018, Mean Beans had purchased a car costing $25.000 with an estimated life of eight years Mean Beans estimates that it can sell the car for $5.000 after eight years a Required t For each transaction, calculate the annual depreciation expense and record the adjusting entry on December 31, 2020. 2. For the car, determine the accumulated depreciation as of December 31, 2020. 1. For the car, determine the carrying amount as of December 31, 2020 Assy" Esercise 3-5 Preparing adjusting entries (annual)-unearned revenue LO4 Spish Splash Art is a centre that offers children's music and dance lessons Splish Splash prepares anal financial statements and has a December 31, 2020, year-end. On September 1, Splish Spash Art collects $15,000 cash for dance lessons running from September 1, 2020 to December 31, 2020. On October 1. Splish Splash Art collects $5,000 cash in advance from the Music Box Inc. ($2.500 per month) to rent its performance stage for the full month of December 2020 and January 2021. On October 1, 2020, Splish Splash Art collects $5,000 cash for four months of music lessons for a local private school. The lessons run from October 1, 2020 to January 31, 2021. Required For each transaction, record the initial journal entry and the adjusting entry required on December 31, 2020, P155 Exercise 3-6 Preparing adjusting entries (annual)-accrued expenses and revenue LO4 Jurassic Jumpers Co. (1 Co.) offers bungee jumping for those looking for an extreme outing II Co prepares al financial statements and has a December 31, 2020 year-end & On April 1, 2020, JJ Co. took out a five-year, $500,000 bank loan with an interest rate of 3%. Interest expense is paid on the first day of each month. On July 1, 2020, JJ Co. issued a two-year, $50,000 Note Receivable with an interest rate of 45. Interest income will be collected on January 1 and July 1 of each year. On December 15, 2020, JJ Co. took a university student club bungee jumping for $2,000. The student club was invoiced on December 31, 2020 and paid JJ Co. on January 15, 2021 Required Record the adjusting journal entries at December 31, 2020 Exercise 3-7 Adjusting entries (annual) LO4 On January 1, you started a tutoring business called Brain Work and charge $30 an hour for tutoring The talowing are your transactions for 2020, Assume Brain Worx uses the straight-line method to depreciate 201