Please prepare the adjusting entries for the year-end Dec31, 2020. Assume all the original entries had been recorded in the system. 1 On sani, business bought one equipment for $35,000. The estimated useful life is 5 years with no residue value. 2 On Dec31, 2020, Business checked unexpired the insurance policy remaining 3,020. And business has $25,000 debit balance on prepaid insurance account at Dec31, 2020 before any year-end adjusting entries 3 On Jan, The business has paid one and half year rent $54,000. Now the first year has passed. Please record the adjusting entry on Dec31, 2020 4 On Jan 1, 2020 the business had $920 debit balance. And the additional office supplies $2,530 were purchased during the year. Now on Dec31, 2020, there were only $530 of supplies left over there on hand 5 Three-fourth of the work for $120,000 service fees received in advance has been performed 6 Apri, 2020 the business bought an auto for $62,000, its estimated useful life 154 years with residue value $4,000 at the end of its useful life 7 Dec31, 2020 the business found unrecorded and unpaid salary and wages for $9,500 The owing amount will be paid in next week. 8 Please also record the Jan31, 2021 salary 23,000 payment entry, also inclusive of the unpaid salary part at Dec 31, 2020 from transaction 7 WZ W34 wa Aldone-H21SFIA WS AT WE AMF1A 4 steps demo AB