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On Completion Status di Moving to the next question prevents changes to this answer Question 2 Question 2 of 5 12 points Save Answer Chapter 4(12 marks, 24 minutes Pearson Spectra Lid. provides legal advisory services. The company's year-endis June 30 and adjusting entries are only prepared at year-end, on June 30 For each of the following stations, prepare the necessary adjusting entry on June 30, 2021, no entry is required, clearly indicato by writing "No Entry 1. Person Spectra Lid pays its staff every Friday. The company's weday payroll is $50,000 for a five-day work week (Monday to Friday, June 30, 2021 tals on a Wednesday 2. On July 1, 2020. Pearson Spectra Lid. had an opening balance of $1,500 nits Supplies Bocount. During the fiscal year, the company purchased supplies worth $1.200. On June 30, 2021, the company had $1.300 of supplies on hand 3. On March 31, 2021, Person Spectra itd. obtained a 6-month 8% loan for $100,000. Interest on the loan will be paid on September 30, 2021 when the loan matures 4. On July , 2020. Pearson Spectra Ltd. had a balance of $1.200 in its Prepaid Insurance account representing 6 months of insurance to December 31, 2020. On December 28, 2020, the company purchased a 1-year insurance policy beginning on January 1, 2021 for $3,000 Person Spectra Lid recorded the December 28, 2020 payment to Prepaid Insurance 5. On January 1, 2001. Person Spectra Lid. Durchased a photocopier for $63,000. The company paid $20,000 cash for the photocopier and obtained a two-year interest free loan for the remaining balance. The photocopier has an estimated use of 7 years TTT Arial 3120 T = =