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 shown as an example. (Do not round intermediate calculations. Enter any decreases to account balances with a minus sign) a. Paid $6,200 cash in advance on April 1for a one year insurance policy. b. Received a $15.450 cash advance for a contract to provide services in the future. The contract required a one-year commitment, starting September 1 c Purchased $1700 of supplies on account At year's end 5120 of supplies remained on hand d. Paid $6,450 cash in advance on March 1for a one-year lease on office space Event Adjustment Stockholders' Equity Common Retained Stock Earnings The Accounting Equation Total Assets Other Llabilities Cash Assets (6,200) 6.200 + (4650) 15.450 0 15.450 0.1 0 004 (1.700) LO: + + a Adi b b Adj (4650) + 0 0 0. Adj d d Ad +