Prepare adjusting entries for the following transactions for the year ended December 31. Put it in date order Depreciation on equipment is $800 for the year 1 There was no beginning balance for supplies on hand but $600 of supplies were purchased during the year. At the end of the year $120 of supplies were on hand were remaining 2. 3. Prepaid insurance had a $1,200 normal balance prior to any adjustment. At the end of the year $300 was remaining as unexpired insurance. 4. The last payroll period ended on Friday December 25th. Gross payroll is 1,000 per week for 5 days. Note that December 31st fell on a Thursday. (lgnore any payroll taxes) 5. The Company received their advertising invoice for December services in the amount of $500 and it was unrecorded at December 31st