Question 2 The accounting firm Bravo Inc. prepares its own financial statements at the end of each year, Based on the following information, prepare any adjusting entries that are needed for the accounting records as of December 31, 2020. L. As of December 31, Bravo Inc. has rendered S20,500 worth of services to clients for which they have not yet billed the client and for which they have not made any accounting entry. 2. Bravo Inc, owns equipment (computers and so on) having an original cost of $12,000. The equipment has an expected life of six years. Record depreciation for the current year. 3. On January 1, 2020, Bravo Inc. borrowed $15,000. Both principal and interest are due on December 31, 2021. The interest rate is 11%. 4. On January 1, 2020, Bravo Inc. rented storage space for three years. The entire three-year charge of $15,000 was paid at this time. Bravo Inc. (correctly) created a prepaid rent account in the amount of $15,000. 5. As of December 31, workers have eamed $10,200 in wages that are unpaid and unrecorded