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Jordan Company's annual accounting year ends on December 31. It is now December 31, 2018, and all of the 2013 entries have been made except

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Jordan Company's annual accounting year ends on December 31. It is now December 31, 2018, and all of the 2013 entries have been made except for the following: 10 YES a. The company owes interest of $880 on a bank loan. The interest will be paid when the loan is repaid on September 30, 2019. No Interest has been recorded b. On September 1, 2018, Jordan collected six months' rent or $7.500 on storage space. At that date. Jordan debited Cash and c The company earned service revenue of $4.200 on a special job that was completed December 29, 2018. Collection will be made during January 2019. No entry has been recorded a on November 1, 2018, Jordan paid a one-year premium for property insurance of $5,280, for coverage starting on that date. Cash was credited and Prepaid Insurance was debited for this amount, e. At December 31, 2018, wages earned by employees but not yet pold totaled $2,000 The employees will be paid on the next payroll date, January 15, 2019 Depreciation of $1,900 must be recognized on a service truck purchased this year. The income after all adjustments other than income taxes was $39,000. The company's income tax rate is 15% Compute and record Income tax expense eBook Print Required: Determine the accounting equation offects of each required adjustment. TIP: The first transaction is done for you as an example (Enter any decreases to Assets, Liabilities, or Stockholders' Equity with a minus sign) Transaction Assa Liabilities Stockholders'qully Interest Expense rest Payotte 680 d 1

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