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S160 Prepaid insurance Inventory, jam, 1, 2020 180 900 S260 Building Accumulated depreciation Building Other assets Unearned consulting revenue 2,068 48 2.300 Capital steck 620 Retained earnings, Jan 1, 2020 3.600 Sales Repair service reveanne 300 Office supplies expense 120 Salaries expense 1.800 Purchases 2400 The following additional information is available: a. Prepald Insurance is for a policy dated July 1, 2020for a 24-month period. b. The ending inventory amounts to $300. c. The building is being depreciated over a 30-year life, straight line, and no salvage valute. d. The balance in unearned consulting rereme pertains to a contract sold on September 1, 2020 to provide service to adient for one year. e Office supplies ou band a year end amount to $24. f. At year-end, there are accrued calaries of $24 Repair service revenue includes a contract for $120 received on July 1, 2020, for one year period of time. Required: 1. Prepare the necessary adjusting entries. 2. Prepare the necessary dosing entries