Attached below is the assignment with questions 1-6. Please provide work to help me understand how that is the answer. Thanks!

Acct 3313 4. During the year, Tarver Co. purchased $12,500 of supplies. $1,000 of supplies remained on hand at December 31, 2019. First Opportunity for Excellence - Review Exercises Exercise #1: For each of the following, 1) identify the type of adjusting journal entry necessary, 2) prepare the adjusting entry necessary as of December 31, 2019 for the Tarver Company, and 3) if a prepayment, prepare the adjusting journal entry for both the common and alternative approaches. 1. On January 1, 2019, Tarver purchased equipment at a cost of $225,000. The equipment has an estimated salvage value of $5,000 and an estimated useful life of 20 years. 5. On November 1, 2019, Tarver received $3,000 rent in advance, from a tenant, to cover rent for the next 3 months. 2. As of December 31, 2019, employees have earned a total of $7,000 of wages that will be paid on January 5, 2020. 6. On December 1, 2019, Tarver paid $4,000 rent in advance to Baylor Leasing Company. The payment represented rent for the months December 2019 through March 2020. 3. On April 1, 2019, Tarver loaned $50,000 to another company and accepted a note. The note requires interest to be paid annually each March 31 at 8%%, beginning in 2020. The principal is due in 3 years