United Inc. adopts the calendar year as their accounting fiscal year and prepare financial reports quarterly. For the following transactions, please prepare the adjusting entries for United Inc. on December 31st, 2020.

Oct. 1st, United Inc. signed an one-year office rent contract and paid the rent NT$1,200,000 in cash for the following year. (The rent contract was effective on Oct. 1st)

Nov. 15th, United Inc. purchased NT$3,000 supplies. When counting the supplies on hand at the end of December, they found that there are only NT$680 supplies left.

Dec. 1st, United Inc. purchased NT$240,000 Equipment. Assumed that the annual depreciation of the equipment is NT$48,000.

Dec. 25th, United Inc. received NT$50,000 cash from clients advance, and at the end of December, United Inc. has provided services worth $20,000