check part 2 is it right ?

Allentown Services Inc. is preparing adjusting entries for the year ending December 31 . The following data are available: a. Interest is owed at December 31 , on a 6 -month, 8% note. Allentown borrowed $112,800 from NBD on $ eptember 1 . b. Alientown provides dally building maintenance services to Mack Trucks for a quarterly fee of $2,200 payable on the fifteenth of the month following the end of each quarter No entries have been made for the services provided to Mack Trucks during the quarter ended December 31 , and the related bili will not be sent until January 15 of the following year. c. On January 1, the cost of office supplies on hand was $620. During the year, office supplies with a total cost of 56,460 were purchased from Office Depot and debited to office supplies inventory. On December 31 , Allentown determined the cost of office supplies on hand to be $970. d. On September 23 , Allentown recelved a $7,416 payment from Bethlehem Steel for 9 months of maintenance services beginning on October 1 . The entire amount was credited to unearned service revenue when received. Required: 1. Prepare the appropriate adjusting entries at December 31 . If an amount box does not require an entry, leave it blank. a. Dec. 31 Dec. 31 Feedtack rereck Wy was 1a. When money is borrowed, there is interest expense to the borrowing company, Interest is an accued expense that has been incurred but not yet paid in cash. 2. Conceptual Connection: What would be the effect on the balance sheet and the income statement if the accountant fa