Instructions Prepare the work sheet for the year ended December 31, 2021. E4.10 (LO 1.0) AP On December 31, the unadjusted trial balance of Masters Employment Agency shows the following selected data: Prepare and post adjusting, closing, reversing, and subsequent entries. Accounts receivable Interest expense $24,000 2,800 Cash $ 7,600 Service revenue 92,000 1. Masterson, capital 48,000 Interest payable Analysis shows that adjusting entries are required to (1) accrue $6,900 of service revenue, and (2) accrue $1,250 of interest expense. Instructions a. Prepare and post (1) the adjusting entries and (2) the closing entries for the temporary accounts at December 31. b. Prepare and post reversing entries on January 1. c. Prepare and post the entries to record: 1. the collection of $8,200 of service revenue (including the accrued service revenue from December 31) on January 10, and 2. the payment of $2,235 interest on January 31 (consisting of the accrued interest from December 31 plus January's interest).