Prepare the appropriate journal entries for each situation below. Be sure to show all your work and calculations.\table[[a),Jan 1- You received $6,500 cash from a customer for work to be completed later on.],[b),Jan 1- You paid a $3,600 insurance premium on Jan 1 of the year. The insurance coverage is for three full years.],[c),Jan 1- You purchased a piece of equipment for $15,000 using a long-term note. The equipment is expected to last 4 years when you estimate it'll be sold for $2,000.],[d),Jan 1- You purchased $2,000 worth of supplies with cash from a vendor.],[e),Jan 31- At the end of the month, you completed a portion of the work from "a)" above. There is only $2,000 worth of work left to complete next month.],[f),Jan 31- Record the insurance expense for the month.],[g),Jan 31- Record the equipment depreciation for the month.],[h),Jan 31- You counted your supplies in the cabinet and estimate there are $800 worth left. Assume the only supplies you've purchased have been the ones from Jan 1.],[i),Jan 31- You sign a contract for a new computer. The computer is not yet ready from the vendor. They expect that it'll be ready for you to use by March 5th. The computer will cost $2,200 and you'll pay for it with cash when the computer is delivered in March.]]\table[[d),Jan 1- You purchased $2,000 worth of supplies with cash from a vendor.],[e),Jan 31- At the end of the month, you completed a portion of the work from "a)" above. There is only $2,000 worth of work left to complete next month.],[f),Jan 31- Record the insurance expense for the month.],[g),Jan 31- Record the equipment depreciation for the month.],[h),Jan 31- You counted your supplies in the cabinet and estimate there are $800 worth left. Assume the only supplies you've purchased have been the ones from Jan 1.],[i),Jan 31- You sign a contract for a new computer. The computer is not yet ready from the vendor. They expect that it'll be ready for you to use by March 5th. The computer will cost $2,200 and you'll pay for it with cash when the computer is delivered in March.]]Question #2)2 MarksBe sure to show all your work. Using the information from Q#1 above, compute the ending balances for the month for:Uneamed RevenuesPrepaid InsuranceSuppliesEquipment ??????Make sure to indicate whether it is a net DR (Debit) or CR (Credit)Assume the only items impacting the balance in the accounts above are from Q#1(in other word's, no opening balances in accounts or other journal entries)Question #3)1 MarkBe sure to show all your work. Using the information from Q#1 above, what is the net profit or loss for the month? Note: You don't need to prepare a formal Income Stmt.