I need help with adjusting the entries thank you for your help! I will rate!

A E TI H 1 B Adjusting Journal Entries Explanations are not needed. N 3 4 Date Accounts Debit Credit 31-Dec 31-Dec 31-Dec 31-Dec 31-Dec 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 31-Dec 31-Dec 31-Dec 31-Dec ** Do not forget to go back to your T-Accounts and post your Adjusting Journal Entries. Note the date on T-Accounts as "ADJ" for these entries. December Transactions: Dec. 1 1 2 4 9 15 16 Amber Kim, Owner contributed land on the river (worth $85.000) and a small building to use as a rental office (worth $35,000) in exchange for capital. (First transaction has been done for you - see Journal Entries and T-Accounts) Prepaid $3,000 for three months' rent on the warehouse where the company stores the kayaks. Purchased kayaks signing a note payable for $7,200 Purchased office supplies on account for $500. Received $4,700 cash for kayak rentals to customers. Rented kayaks to customers for $3,500, but will be paid next month. Received a $850 deposit from a kayak rental group that will use the kayaks next month. Paid the utilities ($150) and telephone bills ($175) from last month. Paid various accounts payable, $2,000. Received bills for the telephone ($250) and utilities ($300) which will be paid later. Paid wages of $1,800 Amber Kim withdrew cash of $400 from the business. 18 19 20 30 31 Adjusting Entries (see Chapter 3 for examples of adjusting entries) At December 31, the business gathers the following information for the adjusting entries: a. Office supplies on hand, $200 b. Rent of one month has been used. (Hint: see Chapter 3 for adjusting for prepaids) c. Determine the depreciation on the building using straight-line depreciation. Assume the useful life of the building is five years and the residual value is $5,000. (Hint: The building was purchased on December 1.) d. $400 of unearned revenue has now been earned. e. The employee who has been working the rental booth has earned $1,250 in wages that will be paid January 15, 2021. f. Kim Kayaks has earned $1,850 of kayak rental revenue that has not been recorded or received. g. Determine the depreciation on the kayaks purchased on November 3 using straight-line depreciation. Assume the useful life of the kayaks is 4 years and the residual value is $0. h. Determine the depreciation on the kayaks purchased on December 2 using straight-line depreciation. Assume the useful life of the kayaks is 4 years and the residual value is $0. i. Interest expense accrued on the notes payable, $50