Referring to the balances below, prepare annual adjusting entries as of December 31, 2020 for Galecki Consulting: Accounts Receivable 85,600 Prepaid Insurance 2,800 Accumulated Depreciation-Equipment 10,750 Rent Expense 42,000 1,600 Retained Earnings 21,600 Salaries and Wages Expense 256,800 18,250 Allowance for Doubtful Accounts Cash 427,500 Equipment Notes Payable Office Expense 43,000 Service Revenue 12,600 50,000 Supplies 26,900 Utilities Expenses 16,800 Fees received in advance from clients and included in Service Revenue initially, $9,000. Services performed for clients that were not recorded by December 31, $12,600. Bad debt expense for the year is $3,650. Insurance expired during the year $2,100. 5. Equipment is being depreciated at 10% per year. Gator gave the bank a 90-day, 12% note for $50,000 on December 1, 2020. Rent of the building is $3,000 per month. The rent for 2020 has been paid, as has that for January and February 2021. The total rental payment was initially recorded in Rent Expense. Office salaries and wages earned but unpaid December 31, 2020, $2,650. a. b. C. d. e. f.