Dr (A) The unadjusted trial balance for Calla Limited as at 31 March 2020 includes the following accounts: Cr $ $ Accounts receivable 300,000 Allowance for uncollectible accounts 3,500 Supplies 6,000 Unearned service revenue 8,000 Rent expense 88,000 Adjustment data of Calla Limited on 31 March 2020 include the following: (1) Accounts receivable of $2,000 is determined to be uncollectible and has to be written off. (2) The required allowance for uncollectible accounts at year end is calculated to be $2,800. (3) A physical count revealed $1,800 supplies on hand. (4) Unearned service revenue that has been earned, $3,000. (5) Accrued rent expense of $8,000 for the month of March. Required: (a) Prepare journal entries to record the adjustment of items (1) to (5). (Narration is NOT required.) (10 marks) (b) Compute the adjusted balance for the following accounts: (i) unearned service revenue; and (ii) rent expense. (2 marks) (e) Show how Calla Limited will report accounts receivable on its statement of financial position as at 31 March 2020. (2 marks) (B) Iris Limited borrowed $90,000 from HSU Bank by signing a one-year 8% note payable on 1 May 2019. The year end of Iris Limited is 31 December. Required: (a) Calculate the interest expense for Iris Limited for the year ended 31 December 2019. (2 marks) (b) Prepare journal entries to record the payment of the note payable for Iris Limited on 1 May 2020. (Narration is NOT required.) (4 marks)