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Roadster Company had the following balances in selected accounts on December 31, 2020. (CLO 3) Notes Payable 20,000 2,400 Prepaid Insurance Supplies 3,000 25,000 Unearned

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Roadster Company had the following balances in selected accounts on December 31, 2020. (CLO 3) Notes Payable 20,000 2,400 Prepaid Insurance Supplies 3,000 25,000 Unearned Service Revenue The information below has been gathered at December 31, 2020. 1. A count of supplies on December 31, 2020, indicates that supplies of $1,000 are on hand. 2. Depreciation on the equipment for 2020 is $1000, 3. Roadster Company paid $2,400 for 12 months of insurance coverage on July 1, 2020. 4. On December, 2020, $7500 of the uneared revenue was earned. 5. Roadster performed consulting services for a client for $4,500 that was not recorded nor billed 6. Roadster company borrowed $20.000 by signing a 12% one-year note on December 1, 2020, WA ENG Required: Prepare the annual adjusting entries for the adjustments described above

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