EP4-3 (Algo) Determining Accounting Equation Effects of Adjusting Journal Entries [LO 4-2, LO 4.6] Jordan Company's annual accounting year ends on December 31. It is now December 31, 2021, and all of the 2021 entries have been made except for the foliowing: a. The company owes interest of $940 on a bank loan. The interest wilt be paid when the loan is repaid on September 30,2022 . No interest has been recorded. b. On September 1, 2021, Jordan coliected six months' rent of $8,400 on storage space. At that date, Jordan debited Cash and credited Deferred Revenue for $8,400. c. The company earned service revenue of $4,500 on a special job that was completed December 29, 2021. Collection will be made during Jandary 2022. No entry has been recorded. d. On November 1, 2021, Jordan paid a one-year premium for property insurance of $5,640, for coverage starting on that date. Cash Was credited and Prepald lnsurance was debited for this amount. e. At December 31, 2021, wages earned by employees but not yet poid totaled $2,300. The employees will be paid on the next payroil date. January 15,2022. f. Deprecistion of $2,200 must be recognized on a service truck parchased this yeat. 9. The income after all adjustments other than income toxes was $42.000. The company's income tax rate is 30%. Compute and recotd income tax expense. Required: Determine the accounting equation effects of each required ad ustment. TIP. The first transaction is done for you as an example. (Enter any decreases to Assets, Labillities, or Stockholders' Equity with a minus sign.)