Shop Rite Services is ready to prepare its financial statements for the year ended December 31, 2000. The following information can be determined by analyzing the accounts 1. On August 1, 2000, Shop Rite received a $\$ 4,800$ payment in advance for rental of office space. The rental period is for one year beginning on the date payment was received. Shop Rite recorded the receipt as unearned rent.

2. On March 1, 2000, Shop Rite paid its insurance agent $\$ 3,000$ for the premium due on a 24 -month corporate policy. Shop Rite recorded the payment as prepaid insurance.

3. Shop Rite pays its employee wages the middle of each month. The monthly pay roll (ignoring payroll taxes) is $\$ 22,000$.

4. Shop Rite received a note from a customer on June 1,2000 , as payment for services. The amount of the note is $\$ 1,000$ with interest at $12 \%$. The note and interest will be paid on June 1, 2002.
5. On December 20, 2000, Shop Rite received a $\$ 2,500$ check for services. The transaction was recorded as uneamed revenue. By year-end, Shop Rite had completed three-fourths of the contracted services. The rest of the services won't be completed until at least the middle of January 2001.
6. On September 1, Shop Rite purchased $\$ 500$ worth of supplies. At December 31, 2000, one-fourth of the supplies had been used. Shop Rite initially recorded the purchase of supplies as an asset.
Where appropriate, prepare adjusting journal entries at December 31, 2000, for each of these items.