Please prepare the adjusting entries for the year-end Dec31, 2020. Assume all the original entries had been recorded in the system. 1 On Jan1, business bought one equipment for $49,000. The estimated useful life value $1,000. is 5 years with the residue 2 On Dec31, 2020, Business checked unexpired the insurance policy remaining 23,500. And business has $25,000 debit balance on prepaid insurance account at Dec31, 2020 before any year-end adjusting entries 3 On Jan1, The business has paid two and half year rent $70,000. Now the first year has passed. Please record the adjusting entry on Dec31, 2020 4 On Jan1, 2020 the business ha $1,050 debit balance. And the additional office supplies $3,370 were purchased during the year. Now on Dec31, 2020, there were only $280 of