3. Prepare adjusting entries for the following transactions: i. Material account has a $8,000 debit balance to start the year. New materials of $5,000 was purchased and recorded during the year. As on Dec. 31 the stock taking shows a total of $ 250 of material remaining. ii. At the year-end, the company has earned $ 13,000 service revenue , but it has not yet billed nor recorded. Date of the Account title and explanation Dr. Cr. transaction Mind 010