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 $5,700 cash in advance on October 1 for a one-year Insurance policy. b. Received a $4,500 cash advance for a contract to provide services in the future. The contract required a one-year commitment, starting April 1. c. Purchased $1,650 of supplies on account. At year's end, $220 of supplies remained on hand. d. Pald $10,680 cash in advance on August 1 for a one-year lease on office space. Eventi Adjustment The Accounting Equation Total Assets Other Liabilities Cash Assets (5,700) + 5,700 = (1,425) = Stockholders' Equity Common Retained Stock Earnings a. (1,425) a. Adi b. + + b. Adj. + C c. Adj. d. d. Adi