GIBBLE LTD. Unadjusted Trial Balance Dec, 31, 2021 Credit Debit $2,200 $5,800 $750 $1,000 $44,000 Account Cash Accounts Receivable Supplies Prepaid rent Equipment Accumulated depreciation-equipment Accounts payable Deferred revenue Bank loan payable, due 2024 Retained earnings Common shares Dividends declared Service Revenue Salaries expense Rent expense Office expense Income tax expense Total $4,500 $1,250 $2,550 $15.900 $4,385 $7,500 $550 $37,500 $10,500 $2.500 $1,485 $4,800 $73,585 $73,585 During 2021, the following events took place, but are not reflected in the above unadjusted trial balance: 1. Deferred revenues of $1,950 were earned. 2. Prepaid rent of $500 expired. 3. Salaries of $1,250 (for the pay period December 15-31, 2021) were incurred but will not be paid until January 5, 2023. 4. Depreciation expense of $5,000 was incurred on the equipment. A. Record the adjusting entry needed for Deferred revenues earned of $1,950. (2 marks) Debit Amount Credit Amount B, Record the adjusting entry needed for prepaid rent of $500 expired on December 31, 2021(2 marks) Debit Amount Credit Amount C, Record the adjusting entry needed for salaries incurred but not paid by December 31, 2021(2 marks) Debit Amount Credit Amount D. Record the adjusting entry needed for equipment on December 31, 2021. (2 marks) Debit Amount Credit Amount E, Total service revenues for Gibble for the year ended as reported on its Statement of Income, are $ (1 mark) F, The net income reported for the year will be $(1 mark) G, Total current assets on Gibble's Statement of Financial Position will be $(1 mark) H, Total current liabilities on Gibble's Statement of Financial Position will be $(1 mark) I, The carrying amount of property, plant, and equipment on Gibble's Statement of Financial Position will be $ (1 mark) J. After the closing entries are made, total retained earnings will be $ (1 mark) K, After closing, total assets will be $ (1 mark) L. The adjusted trial balance with have equal debit and credit balances of $ (1 mark)