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 answer to nearest whole dollar.) e policy. b. Received an $5,100 cash advance for a contract to provide services in the future. The contract required a one-year commitment, starting April 1 c. Purchased $1,950 of supplies on account. At year's end, $250 of supplies remained on hand. d. Paid $11,400 cash in advance on August 1 for a one-year lease on office space