Problem I: (42 points) Bourne Inc., a calendar-year end company, had the following select account balances from its unadjusted trial balance at 11/30/19: Credit Cash Supplies Deferred Revenue Debit $4,000 700 $0 The following select transactions occurred during the month of December: Dec. 1 ---- Purchased $2,000 worth of supplies on account. The "Supplies account was increased at that time. Dec. 1 ---- Received $6.000 from a customer for services to be performed evenly over the next six months (beginning in December). The "Deferred Revenue account was increased when the cash receipt was recorded. Dec. 1 ---- Financed the purchase of land by signing a nine-month, 12%, note payable. The amount financed was $40.000. Dec 15 - 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 $800 are still on hand (unused). Required: In the General Journal which starts on the next page: Journalize the four December transactions, and Journalize any necessary December 31 adjusting journal entries related to the above transactions in order to properly reflect revenues and expenses for the accounting period. Note: If necessary, round adjusting entry calculations to the nearest whole month and to the nearest whole dollar. Note: Journal entries must be in proper form (ex. debits before credits, indent credits) to receive full credit. Explanations should not be included. Skip a line between each journal entry. Date Account Name Debit Credit