The Contracts Plus Company began operations on December $1,2021.$ The unadjusted trial balance of the Contracts Plus Company as of December $31,2021$ is found on the trial balance tab. The following information is required to prepare the necessary adjusting entries for the Contracts Plus Company found in chapter $3.$

$1)$ The balance in Prepaid insurance represents a $24-$month policy that went into effect on December $1,2021.$ Review the unadjusted balance in Prepaid insurance, and prepare the necessary adjusting entry, if any.

$2)$ Based on a physical count, supplies on hand total $$3,150.$ Review the unadjusted balance in Supplies, and prepare the necessary adjusting entry, if any.

$3)$ The equipment is expected to have a $4-$year useful life, and be worth about $$12,000$ at the end of four years. Review the unadjusted balance in Accumulated depreciation, and prepare the necessary adjusting entry, if any.

$4)$ On December $26,$ the client paid a $$10,20060-$day fee in advance, covering December $27$ to February $24.$ Review the unadjusted balance in Unearned Consulting Revenue, and prepare the necessary adjusting entry, if any.

$5)$ Contracts Plus's sole employee earns $$140$ per day for a five$-$day workweek beginning on Monday and ending on Friday. The employee was last paid on Friday, December $26.$ Review the unadjusted balance in Salaries payable, and prepare the necessary adjusting entry, if any.

$6)$ In the second week of December, Contracts Plus agreed to provide $30$ days of consulting services to a local fitness club for a fixed fee of $$4,380.$ The terms of the initial agreement call for Contracts Plus to provide services from December $12,2021,$ through January $10,2022,$ or $30$ days of service. The club agrees to pay Contracts Plus $$4,380$ on January $10,2022,$ when the service period is complete. Review the unadjusted balance in Consulting revenue, and prepare the necessary adjusting entry, if any.

Prepare the required adjusting and closing entries for the Contracts Plus Company.

Please include: General Journal, General Ledger, Trial Balance, Income Stratement, St Owner Equity, Balance Sheet, Work Sheet