X, X LCD AaBbced AbbCeDd Head Arcebidi Aalib Abeci Required: There are five adjustments that need to be made before the financial statements for the year ended Dec. 31, 2019 can be prepared. Journalize each adjusting entry in the General Journal. [Show all your computations]. (15 pts.) (1) The equipment, purchased on May 1, 2019 has an estimated useful life of 4 years, and a salvage value of $2,000. (2) The 12-months insurance policy was purchased on June 1, 2019. (3) The accounting records show that one-third of the fees that were collected in advance from a customer have now been earned. (4) The rent payment is for 12 months beginning on the date of payment, March 1, 2019 (5) On December 31, 2019, the company owed salaries to the employees for a total amount of $15,000