Can you please help with the adjusting journal entries.You have been asked to prepare the financial statements for Computer Solutions for the

year ended December $31,2021.$ The following additional facts are collected for use in

making adjusting entries prior to preparing financial statements at year end $($Round all

calculations to the nearest dollar$)$:

a$.$ Interest expense on the mortgage is only for two months. Mortgage was taken

out on October $1,2021.$

b$.$ Customer note receivable dated November $14$ at $5\%$ interest due at maturity.

$($Use $360$ day year.$)$

c$.$ Lease with Sushi Coma began November $1,2021.$

d$.$ Prepaid insurance balance at December $31,2020$ was $$1,125$ representing

general liability insurance for January through March $2021.$ The general liability

annual premium of $$5,052$ was paid on April $1,2021$ and debited to prepaid

insurance account. One year's premium was paid on October $4,2021,$ for

property and liability insurance policy that began October $1,2021.$

e$.$ Received a statement from Nusbaum Realty indicating Computer Solutions had

paid rent of $$31,500$ for $2021.$

f$.$ R$.$ Santana estimates that $1\%$ of accounts receivable are uncollectible at

December $31,2021.$ To comply with GAAP Computer Solutions has decided to

use the allowance method of recording bad debts. $($Use AR balance from Part $3$

which should equal $$12,615$ to calculate allowance balance$)$

g$.$ On January $2,2022,$ R$.$ Santana billed Mason, Inc. $$8,750$ for computer services

completed on December $31,2021.$

h$.$ Computer supplies of $$936$ are on hand at December $31,2021.$

i$.$ A physical count of merchandise inventory was completed the morning of

January $2,2022,$ showing inventory on hand of $$7,800.$

j$.$ The following information is available relating to fixed assets at $12/31/21$:

Computer Equipment: Acquired $10/1/19$ at a cost of $$22,000,$$$0$ residual

value expected, expected life of $5$ years, straight$-$line method of depreciation

Office Equipment: Acquired $10/1/19$ at a cost of $$5,000,$$$0$ residual value

expected, expected life of $10$ years, straight$-$line method of depreciation.

Acquired $10/1/21$ at a cost of $$45,048$ and no expected residual value,

straight$-$line method of depreciation over a $10$ year useful life.

Building: Acquired $10/1/21$ at a cost of $$247,762$ and a residual value of

$$2,762.$ Useful life is estimated at $40$ years and the straight$-$line method of

depreciation is used by Computer Solutions.