Question One - Journalize the following monthly adjusting entries: Purchased equipment for $20,000, it should last 5 years and have $2,000 salvage value Purchased $1,000 of office supplies at month's end $200 was left Received S400 for work you will do next month Question Two - Journalize closing entries based on the following: Cash 1,000 Amber, Capital 10,000 Rent Expense 2,000 Amber, Withdrawals 1,000 Salary Expense Revenue Earned 3,000 10.0000