WaterwayCorporation began operations on January 2. Its year end is December 31, and it adjusts its accounts annually. Selected transactions for the current year follow:

1.On January 2, purchased supplies for $4,320cash. A physical count at December 31 revealed that $730of supplies were still on hand.

2.Purchased a vehicle for $41,800on April 1, paying $5,200cash and signing a $36,600bank loan for the balance. The vehicle is estimated to have a useful life of5years and the company uses straight-line depreciation. The bank loan has an interestof 3%

.3.Purchased a $3,780, one-year insurance policy for cash on August 1. The policy came into effect on that date.

4.Received a $1,700advance cash payment from a client on November 9 for services to be performed in the future. As at December 31, half of these services had been completed.

5.On December 1, the company rented additional office space for a six-month period starting on December 1 for $1,170each month. It paid rent for the months of December and January in advance on this date.

What will be the adjusting entries at December 31 if the company closes its books at this date