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. (Do not round intermediate calculations & Round your final answers to nearest whole dollar. Enter any decreases to account balances with a minus sign. Not all cells require input.) a. Paid $5,800 cash in advance on October 1 for a one-year insurance policy. b. Received a $4,600 cash advance for a contract to provide services in the future. The contract required a one-year commitment, starting April 1. c. Purchased $1,700 of supplies on account. At year's end, $225 of supplies remained on hand. d. Paid $10,800 cash in advance on August 1 for a one-year lease on office space. The Accounting Equation Total Assets Event/ Adjustment Cash Other Assets a. (5,800)+ 5,800 a. Adj. (1.450) = Stockholders' Equity Liabilities + Common Stock Retained Earnings + + (1,450) b. + b. Adj. C c. Adj. d. d. Adj.