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 $36,000. 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 Jan1, The business has paid one an half year rent $54,000. Now the first year has passed Please record the adjusting entry on Dec31, 2020 4 On Jan1, 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 Apr1, 2020 the business bought an auto for $62,000, its estimated useful life is 4 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