For Questions 12 through 15, prepare adjusting journal entries for the current month 2018. Each question is worth 2 points. (8 points , August 12. The S20.000 bank loan (from Question 2) carries 6% annual interest, payable semi annually on June 30 and December 31. The loan was taken out on August 15. 2018. 13. The $6,000 equipment (from Question 4) has 5-year service life with no salvage value. The equipment was placed in service on August 15, 2018, and straight-line depreciation is used for the equipment. 14. The insurance on the equipment was bought when the equipment was placed in service on August 15, 2018. 15. The company used about one third of supplies by the end of August. Page 6 of 9 For Questions 12 through 15, prepare adjusting journal entries for the current month 2018. Each question is worth 2 points. (8 points , August 12. The S20.000 bank loan (from Question 2) carries 6% annual interest, payable semi annually on June 30 and December 31. The loan was taken out on August 15. 2018. 13. The $6,000 equipment (from Question 4) has 5-year service life with no salvage value. The equipment was placed in service on August 15, 2018, and straight-line depreciation is used for the equipment. 14. The insurance on the equipment was bought when the equipment was placed in service on August 15, 2018. 15. The company used about one third of supplies by the end of August. Page 6 of 9