Problem I: (32 points) Abbot Corp., a calendar-year end company, had the following select account balances from its unadjusted trial balance at 11/30/2020: Credit Cash Prepaid Rent Supplies Deferred Revenue Debit $5,000 0 400 SO The following select transactions occurred during the month of December: Dec. 1 --- Paid a total of $3,000 for December and January rent. The Prepaid Rent" account was increased when the cash payment of $3,000 was recorded. Dec. 1 --- Purchased $1,000 worth of supplies on account. The Supplies" account was increased at that time. Dec. 1 - Financed the purchase of land costing $60,000 by signing a nine-month, 12%, note payable. The amount financed was $60,000. Dec.1 ---- Received $1,200 from a customer for services to be performed evenly over the next three months (beginning in December). The "Deferred Revenue" account was increased when the cash receipt was recorded. Dec 20 -- Paid for the Dec 1 purchase of supplies in full. At the end of December, the following information is also available: A physical count of supplies reveals supplies costing $200 are still on hand (unused). Required: In the General Journal that starts on the next page: Journalize the five December transactions, and Journalize any necessary December 31 adjusting journal entries related to the above transactions to properly reflect revenues and expenses for the accounting period. Note: If necessary, round adjusting entry calculations to the nearest whole month and the nearest whole dollar