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 is 5 years with the residue value $1,000. . 3 . unused 2 On Dec 31, 2020, Business checked unexpired the insurance policy remaining 23,500.-And business has $25,000 detit batance onprepaid insurance account at Dec31, 2020 before any year-end adjusting entries 1 2 3 43 On Jani, The business has paid two and half year rent $70,000. Now the first year has passed. 5 Please record the adjusting entry on Dec31, 2020 6 On Jan, 2020 the business had $1,050 debit balance. And the additional office supplies $3,370 were purchased during the year. Now on Dec31, 2020, there 1 were only $280 of supplies left over there on hand 94 D 2 4 5 Three-fifth of the work for $150,000 service fees received in advance has been performed 5 9 6 Apri, 2020 the business bought an auto for $62,000, its estimated useful life 0 is 4 years with residue value $4,000 at the end of its useful life 1 47 Dec 31, 2020 the business found unrecorded and unpaid salary and wages for $8,200. 5 The owing amount will be paid in next week. 6 7 8 9 8 Please also record the Jan 31, 2021 salary 21,000 payment entry, also inclusive of the 0 unpaid salary part at Dec31, 2020 from transaction 7 1 2 3