Required:

Each of the following independent events requires a year$-$end adjusting entry. Show how each event and its related adjusting entry affect the accounting equation. Assume a December $31$ closing date. The first event is recorded as an example.

Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar. Enter any decreases to account balances with a minus sign. Leave cells blank if no input is needed.

a$.$ Paid $$6,700$ cash in advance on October $1$ for a one$-$year insurance policy.

b$.$ Received a $$5,500$ cash advance for a contract to provide services in the future. The contract required a one$-$year commitment, starting April $1.$

c$.$ Purchased $$2,150$ of supplies on account. At year's end, $$270$ of supplies remained on hand.

d$.$ Paid $$11,880$ cash in advance on August $1$ for a one$-$year lease on office space.

$\backslash$table$[[$The Accounting Equation$],[\backslash$table$[[$Event or$],[$Adjustment$]],$Total Assets,,Liabilities,$+,$Stockholders' Equity$],[$Cash $+,+,\backslash$table$[[\backslash$table$[[$Other$],[$Assets$]]]],,\backslash$table$[[$Common$],[$Stock$]],+,\backslash$table$[[$Retained$],[$Earnings$]]],[$a$.,(6,700)+,+,6,700=,=,,+,,+,],[$a$.$ Adjustment,,$+,(1,675)=,=,,+,,+,(1,675)$