1. Jenkins Motor Company faced the following situations. Journalize the adjusting entry needed at December 31, 20X6. (20 points) a). The business has interest expense of $9,500 incurred during 20x6 that it must pay early in January 20x7. b). Interest revenue of $4,500 has been earned but not yet received c). On July 1, when we collected $13,600 rent in advance, we debited Cash and credited Unearned Rent Revenue. The tenant was paying us for 2 years' rent. d). Salary expense is $1,800 per dayMonday through Fridayand the business pays employees each Friday. This year, December 31 falls on a Wednesday. e). The unadjusted balance of the Supplies account is $3,300. The total cost of supplies on hand is $1,200.- f). Equipment was purchased at the beginning of this year at a cost of $100,000. The equipment's useful life is 5 years. There is no residual value. Record depreciation for this year and then determine the equipment's carrying amount