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Below is the trial balance of YilMaz Inc. at December 31,2019 Yilmaz Inc. Trial Balance December 31,2019 Other Data 1. Supplies on hand at December 31 are 2,500. 2. A utility bill for 1,000 has not been recorded and will not be paid until next month. (The appropriate liability account here is accounts payable) 3. The insurance policy was purchased on September 1,2021 and is for a year. 4. 34,500 of unearned service revenue is recognized for services performed at the end of December. 5. The note payable was issued on October 1. It is a 9\%, 6-month note. (The appropriate liability account here is interest payable) 6. The equipment was purchased before 2021. It has a 4 -year period with no residual value. It is being depreciated at 24,000 per year. 7. Invoices representing {5,000 of services performed during the month have not been recorded as of December 31 . 1) Prepare the adjusting entries for the year ended December 31,2021 . 2) If each of the above adjustments was not made, show the effect on net income, shareholders equity, assets and liabilities accordingly, by forming a table as Use the terms Overstated and Understated. Use N/A for any item that won't be affected by the adjustment. 1) Prepare the adjusting entries for the year ended December 31,2021 . 2) If each of the above adjustments was not made, show the effect on net income, shareholders equity, assets and liabilities accordingly, by forming a table as Use the terms Overstated and Understated. Use N/A for any item that won't be affected by the adjustment