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PART A: Sparty Corporation adjusts its accounts only at year-end. The following information is available as a source for preparing adjusting entries at December 31, 2020. 1. On August 31, 2020, Sparty sold 100 one-year subscriptions for their monthly publication at $36 each, with the subscriptions starting September 1. When Sparty received the $3,600 in subscription payments it credited the liability account titled Unearned Subscription Revenue. 2. On April 1, 2020, Sparty paid $30,000 for a two-year insurance policy. When Sparty paid the $30,000 it recognized the entire amount as a debit to an asset account titled Prepaid Insurance. 3. Sparty failed to recognize $800 in rent for December owed to Sparty by one of Sparty's tenant that rents a part of Sparty's building. 4. The Supplies Inventory account had a $27,000 balance at the beginning of the year (January 1, 2020). During the year, $9,000 of supplies were acquired, with the Supplies Expense account debited at the time of purchase. The supplies count at the end of the year (December 31, 2020) showed $21,000 of supplies still on hand. Required: A. For each of the above numbered items, prepare the necessary adjusting journal entry. If no adjusting entry is required, explain why. Put the adjusting journal entries in the worksheet tab titled Part A, Question A

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