Adjusting Entries and Financial Statements) Vedula Advertising was f 2015. On the next page are both the adjusted and unadjusted trial balances as of December 31, 2017 by Murali Vedula in January VEDULA ADVERTISING TRIAL BALANCE DECEMBER 31, 2017 Unadjusted s 11,000 s 11,000 Accounts Receivable Prepaid Insurance Accumulated Depreciation-Equipment Notes Payable Accounts Payable Interest Payable Unearned Service Revenue Salaries and Wages Payable s 25,000 s 30,000 Retained Earnings Dividends 10,000 Salaries and Wages Expense 9.82063,000 Interest Expense Depreciation Expense 2.900 Rent Expense $123,100 $123.100 5132.980 $132.980 Instructions (a) Journalize the annual adjusting entries that were made. (b) Prepare an income statement and a retained earnings statement for the year ended December 31, and a classified bal ance sheet at December 31. (c) Identify which accounts should be closed on December 31 (d) If the note has been outstanding 10 months, what is the annual interest rate on that note? (e) If the company paid $10,500 in salaries and wages in 2017, what was the balance in Salaries and Wages Payable on December 31, 2016