QUESTION 2: The following are some selected adjustment information of Al-Marri Company on 31 December 2020: 1. The cost of equipment is QAR 1,200,000 and its estimated useful life is 8 years with residual (salvage) value of QAR 240,000. Al-Marri Company records its equipment depreciation annually and uses a straight-line depreciation method. 2. Rent expense for December 2020 is QAR 160,000, but the amount will be paid in January 2021. 3. The prepaid insurance balance is QAR 184,000. At the end of the year, an amount of QAR 120,000 is expired. 4. The balance of the unearned services revenues is QAR 640,000. By end of December 2020, an amount of QAR 520,000 is earned as the services were provided to the clients. 5. The company has earned QAR 50,000 of interest from investments in cash deposit for the year 2020. The interest revenue will be received on 5 January 2021. REQUIRED: Using the above information to prepare the necessary adjusting journal entries for Al-Marri Company for the year ending 31 December 2020.