The following selected accounts with normal balances appeared in the unadjusted trial balance of Bellwether Garden Industries: Accounts receivable $200,000 Prepaid rent 72,000 Prepaid insurance 42,000 Equipment 270,000 Accumulated depreciation-equipment 22,500 Unearned service revenue 30,000 Salary expense 180,000 REQUIRED: Prepare the necessary year-end adjusting entries as of December 31, 2011 for each part. Be sure to note which account is debited and credited. – Part A: One-quarter of the revenue received in advance has been earned by December 31, 2011. – Part B: The prepaid insurance represents two years’ premium on a policy providing coverage starting August 1, 2011. – Part C: Since the last payday, employees have worked four additional days. There are six employees each earning $200 per day. These wages have not yet been paid or recorded. – Part D: The equipment has an estimated life of eight years and no expected value at the end of its life. – Part E: Services performed but unbilled and uncollected at year end amount to $30,000. – Part F: The prepaid rent relates to 1 1/2 years beginning on September 1, 2011.