Make the following adjusting journal entries in good form for Entity A for the year ended December 31, 2024. 1. In January 2024, Entity A purchased equipment for $18,000. The equipment is expected to last four years and the company utilizes the straight line method for depreciation. 2. Entity A received its property tax bill in the amount of $6,000. The bill is due on February 28, 2025 and Entity A will pay it then. 3. One-third of a customer's $1,200 deposit (the customer paid in full at the beginning of the year) has now been earned. 4. On June 30, 2024 Entity A purchased a one-year insurance policy for $900. One-half has now expired.
