Pioneer Advertising Agency is a publicity agency and during the first month of operating, the following transaction occurred: Oct. 1 Invested $10,000 cash to start the business. 2 Purchased supplies for $2,500 on account 3 Paid $600 cash to pay insurance on advance 7 Purchased equipment for $5,000, signing a note to the bank 11 Received $1,200 in advance from a client. 12 Received $10,000 in cash from customers for service revenue 17 Withdrew $500 cash for personal use. 30 Paid full-time employee salaries $4,000. 30 Paid $900 cash for the month rent. The following are the adjusting entries: 1. Supplies on hand at the end of the month $1,000 2. Prepaid insurance represents a 12 month payment 3. Depreciation for the equipment is for 10 years with a salvage value of $200. 4. A service performed by Pioneer Advertising for a client was $400 5. Pioneer performed a service for $200 that was not billed to the client in October 6. Note signed for the purchase of the Equipment have a 12% annual interest. 7. Pioneer paid salaries bi-weekly, starting on Monday and ending on Friday the last bi-weekly payment was on Friday October 26 and the next payment