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. 8. Please also record the Jan31, 2021 salary 23,000 payment entry, also inclusive of the unpaid salary part at Dec31, 2020 from transaction 7