Question 1 - 12 marks The following are 6 independent situations with different companies. All companies have a fiscal year-end of December 31, 2020. All companies require ONLY December 31 adjusting entries. NO OTHER ENTRIES ARE REQUIRED. Note: each company does annual AlE. Based on the independent situations below, record December 31, 2020 adjusting journal entries. On September 30, 2020, WNP Company signed a $9000 long-term note payable at an annual interest rate of 8%. Between September 30 and December 31, no payments a were made. A December 31, 2020 adjustment is required. On Jul 1, 2020, SCF Company purchased a 12 month insurance policy for $26000 cash. A December 31, 2020 adjustment is required b On November 30, 2020, AFV Company has no supplies, so they order more supplies on account. The company's accountant orders $9000 of supplies on account. On C December 31, 2020, the company counts supplies. The supply count shows $2000 of supplies are still on hand. A December 31, 2020 adjustment is required. On December 1, 2020, NCD Company entered into a 4 month contract to provide cleaning services for a client. The client will pay the full amount - $56000-at the end d of the contract. NCD Company has provided the services as agreed through December 31. A December 31, 2020 adjustment is required. On Aug 1, 2020, a client pays XNA Company $16000 cash in advance for a 6 month consulting services contract. A December 31, 2020 adjustment is required. e ZGM Company purchases a vehicle on Feb 1, 2020. The company pays cash of $122,000. The asset has an expected useful life of 14 years. At the end of its life it will f have so of salvage value. The company's accountant wishes to use straight line depreciation. A December 31, 2020 adjustment is required