For each of the above numbered paragraphs, prepare the necessary adjusting entry (including an explanation). If no adjusting entry is required, explain why. b. Four types of adjusting entries are described at the beginning of the chapter. Using these descriptions, identify the type of each adjusting entry prepared in part a above, Indicate the effects that each of the adjustments in part a will have on the following six total amounts in the campground's financial statements for the month of December. Organize your answer in tabular form, using the column headings shown below. Use the letters I for increase, D for decrease, and NE for no effect. Adjusting entry 1 is provided as an example. Income Statement Balance Sheet Adjusting Entry 1 Revenue Net Expenses Income NE 1 Assets I Owners Liabilities + Equity NE 1 d. What is the amount of interest expense recognized for the entire current veur on the $12.000 bank loan obtained October 19 Compute the book value of the campground's buildings to be reported in the current year's December 31 balance sheet. (Refer to paragraph 3.) idiusts in For each of the above numbered paragraphs, prepare the necessary adjusting entry (including an explanation). If no adjusting entry is required, explain why. b. Four types of adjusting entries are described at the beginning of the chapter. Using these descriptions, identify the type of each adjusting entry prepared in part a above, Indicate the effects that each of the adjustments in part a will have on the following six total amounts in the campground's financial statements for the month of December. Organize your answer in tabular form, using the column headings shown below. Use the letters I for increase, D for decrease, and NE for no effect. Adjusting entry 1 is provided as an example. Income Statement Balance Sheet Adjusting Entry 1 Revenue Net Expenses Income NE 1 Assets I Owners Liabilities + Equity NE 1 d. What is the amount of interest expense recognized for the entire current veur on the $12.000 bank loan obtained October 19 Compute the book value of the campground's buildings to be reported in the current year's December 31 balance sheet. (Refer to paragraph 3.) idiusts in