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All of the transactions of Starfish Tattoo Parlor Inc. for the year have been journalized and posted. However, no adjusting journal entries have yet been

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All of the transactions of Starfish Tattoo Parlor Inc. for the year have been journalized and posted. However, no adjusting journal entries have yet been posted during the year. The following information has been gathered for the adjustment process as of December 31, 2020: A) The Supplies account shows a balance of $1,090. A count of supplies revealed $420 on hand. B) The $1,740 premium relating to a one-year insurance policy was paid on December 1, 2020 The company's equipment, which was purchased last year, depreciates at a rate of $800 per year. D) On September 30, 2020, a customer paid $10,700 in advance for services. Of this amount, 30% of the services were delivered as of 12/31/2020. E) Employees are paid $1,100 on Fridays for the 5-day work week, which ends on that Friday. However, December 31, 2020 falls on a Thursday. F) The company has completed $550 of work for customers, the customers have not yet been billed and the related revenue has not been recorded. Required: a. Prepare the adjusting entries required at December 31, 2020. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list 1 Record the December 31 adjusting entry for transaction A 2 Record the December 31 adjusting entry for transaction B. 3 Record the December 31 adjusting entry for transaction C. 4 Record the December 31 adjusting entry for transaction D. 5 Record the December 31 adjusting entry for transaction E. December 31, 2020 falls on a Thursday. 6 Record the December 31 adjusting entry for transaction Note : = journal entry has been entered Record entry Clear entry

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