Question 15 (3 points) The following information relates to the Red Rock, Inc. at the end of 2020. Red Rock, Inc. performs services such as mowing yards and removing snow. Year-end is December 31, 2020 1. An insurance premium of $18,000 was paid on March 1, 2020, and was charged to Prepaid Insurance. The premium covers a 12-month period beginning March 1, 2020, 2. On June 1. 2020, cash of $24,000 was received from customers for a 12-months of services beginning on that date. The receipt was recorded by a debit to Cash and a credit to Unearned Revenue. 3. The Supplies account showed a balance of $35,000 at the beginning of 2020. Supplies costing $11,000 were purchased during 2020 and debited to the asset account, Supplies of $6,000 were on hand at December 31, 2020. Using the information given above, prepare the necessary adjusting entries at December 31, 2020. Number your entries and use this format for each: Debit Cash $100. Credit Accounts Receivable $100. MacBook Air 11 B0 009 FB 59 V 00 FS A * U $ m % 4 n 50 & B 4 7 - 6 8 9 O 3 1 O V a g H en E 97 7 R T T Y U 0 12 1 PL Ref