Karter's Day Care is a large daycare center in South Orange, New Jersey. The daycare center serves several nearby businesses as well as a number of individual families. The businesses pay $6,180 per child per year for daycare services for their employees' children. The businesses pay in advance on a quarterly basis. For individual families, daycare services are provided monthly and billed at the beginning of the next month. The following transactions describe Karter's activities during December 2019: Required: 1. Identify whether each transaction is an adjusting entry or a regular journal entry. If the entry is an adjusting entry, identify it as an accrued revenue, accrued expense, deferred revenue, or deferred expense. If the entry is a regular journal entry, select "not applicable" from the second set of dropdowns. a. On December 1, Karter borrowed $57,000 by issuing a 5-year, $57,000, 9% note payable. b. Daycare service in the amount of $12,850 was provided to individual families during December. These families will not be billed until January 2020. c. At December 1, the balance in unearned service revenue was $43,775. At December 31, Karter determined that $2,190 of this revenue was still unearned. d. On December 31, the daycare center collected $136,225 from businesses for services to be provided in 2020. e. On December 31, the center recorded depreciation of $2,675 on a bus that it uses for field trips. f. The daycare center had prepaid insurance at December 1 of $4,200. An examination of the insurance policies indicates that prepaid insurance at December 31 is $2,200. g. Interest on the $57,000 note payable (see Transaction a) is unpaid and unrecorded at December 31. h. Salaries of $25,320 are owed but unpaid on December 31. i. Supplies of disposable diapers on December 1 are $4,400. At December 31, the cost of diapers in supplies is $930. 2. Prepare the entries necessary to record the above transactions. Round your answers to two decimal places, if necessary. Dec. 1 (Record receipt of cash from loan) Dec. 31 (Record service performed) Dec. 31 (Record earned revenue) Dec. 31 (Record receipt of cash for future services) Dec. 31 (Record depreciation on bus) Dec. 31 (Record use of prepaid insurance) Dec. 31 (Record interest expense for 1 month) Dec. 31 (Record salaries owed to employees) Dec. 31 (Record the use of supplies)