Question 4(5 marks: each transaction 1 mark) Al Maha Hotel prepares monthly financial statements. Below are listed some selected accounts and their balances on December 30 trial balance before any adjustments have been made for the month of December AL MAHA HOTEL Trial Balance (Selected Accounts) December 31, 2020 Debit Credit Supplies $3.200 Prepaid Insurance 3,600 Equipment 16,200 Accumulated Depreciation Equipment $1,000 Uneamed Rent Revenue 1.200 Notes Payable 20,000 (Note: Debit column does not equal credit column because this is a partial listing of selected account balances) An analysis of the account balances by the company's accountant provided the following additional information: L A physical count of supplies revealed $1,400 on hand on December 31 2. A two-year life insurance policy was purchased on January 1 for $3,600 3. The amount of rent received in advance that remains uncared at December 31 is $700. 4. Al Maha Hotel borrowed S20,000 by signing a 10%, one-year note on July 1, 2020 5. Al Maha Hotel pays its employees total salaries of $11.000 every Monday for the preceding 5-day week (Monday-Friday). On Monday, December 27, 2020, employees were paid for the week ending December 24, 2020. All employees worked the five days ending December 31, 2020. Instructions Using the above additional information, record the adjusting entries that should be made by Al Maha Hotel on December 31. End of the questions