You are preparing the year end adjusting entries for a business based on the following information. The business year end is November 30. 1. A physical count of supplies on November 30 indicated that $1,600 are on hand. According to the unadjusted trial balance, the supplies account has a $8,400 balance. 2. The equipment was purchased at the cost of $75,000 on February 1 earlier this year and is expected to have a useful life of 4 years. 3. A customer borrowed $30,500 from our business on February 28 of this year. The customer signed a 6%, 11-month note with accrued interest and loan principal payable on maturity. The note will be collected on January 31 of next year. 4. One person is employed at a salary of $800 per five-day work week. He was last paid on Friday, November 25 (Monday to Friday pay period) and he will be paid in two weeks on Friday, December 9. Instructions: Fill in the following dollar amounts a) Prepare year-end adjusting entries based on information provided. b) Prepare the subsequent journal entries for payment of the payroll and collection of the customer's note. Part A: Year end adjusting entries (whole number without comma, e.g. 10000) 1. When the adjusting entry is prepared for supplies, how much expense is recognized? (whole number without comma, e.g. 10000): 1600 2. When the adjusting entry is prepared for equipment, how much expense is recognized? (whole number without comma, e.g. 10000): 18750 2. When the adjusting entry is prepared for equipment, how much expense is recognized? (whole number without comma, e.g. 10000): 18750 3. When the adjusting entry is prepared for the promissory note, how much revenue is recognized? (whole number without comma, e.g. 10000): 1677 4. When the adjusting entry is prepared for employee salaries, how much expense is recognized? (whole number without comma, e.g. 10000): 320 Part B: Payment of payroll and collection of note (whole numbers without comma, e.g. 10000) 5. When payroll is next paid, on December 9, how much expense is recognized and how much cash is paid to the employees 320 6. When the note is collected, on January 31, how much revenue is recognized and how much cash is received upon collection of the note 1677 Please answer all parts of the