Jordan Company's annual accounting year ends on December 31. It is now December 31, 2018, and all of the 2018 entries have been made except for the following: a. The company owes interest of $630 on a bank loan. The interest will be paid when the loan is repaid on September 30, 2019. No interest has been recorded credited Deferred Revenue for $4.380. during January 2019. No entry has been recorded. was credited and Prepaid Insurance was debited for this amount. date, January 15, 2019. b. On September 1, 2018, Jordan collected si months' rent of $4.380 on storage space. At that date, Jordan debited Cash and c. The company earned service revenue of $2.600 on a special job that was completed December 29.2018 Collection will be made d On November 1, 2018, Jordan paid a one-year e. At December 31, 2018, wages earned by employees but not yet paid totaled $1.000. The employees will be paid on the next payroll g. The income after all adjustments other than income taxes was S29.300. The company's income tax rate is 30%. Compute and premium for property insurance of $3,780, for coverage starting on that date. Cash fDepreciation of $1.200 must be recognized on a service truck purchased this year. record income tax expense. Required: 1. Give the adjusting journal entry required for eoch tronsaction at December 31,2018 2. If adjustments were not made each period, the financial results could be materiaily misstated. Determine the amount by which Jordan Company's net income would have been understated, or overstated, had the adjustments in requirement 1 not been made