need help in part b please

Bonita Corporation began operations on January 2. Its year end is December 31, and it adjusts its accounts annually. Selected transactions for the current year follow: 1. 2. On January 2, purchased supplies for $4,260 cash. A physical count at December 31 revealed that $670 of supplies were still on hand. Purchased a vehicle for $44.800 on April 1, paying $4,000 cash and signing a $40,800 bank loan for the balance. The vehicle is estimated to have a useful life of 5 years and the company uses straight-line depreciation. The bank loan has an interestof 3%. Purchased a $3,540, one-year insurance policy for cash on August 1. The policy came into effect on that date. Received a $1.490 advance cash payment from a client on November 9 for services to be performed in the future. As at December 31, half of these services had been completed. On December 1, the company rented additional office space for a six-month period starting on December 1 for $1,080 each month. It paid rent for the months of December and January in advance on this date. 3. 5. (a) Your answer is correct. For each of the above situations, prepare the journal entry for the original transaction. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Date Account Titles and Explanation Debit Credit Jan. 2 V Supplies 4260 Cash 4260 Apr. 1 V Vehicles 44800 Cash 4000 Bank Loan Payable 40800 Aug 1 V Prepaid Insurance 3540 Cash 3540 Nov.9 > Cash 1490 Deferred Revenue 1490 Dec 1 Prepaid Rent 2160 Cash 2160 (b) For each of the above situations, prepare any adjusting entry required at December 31. (Record journal entries in the order presented in the problem. List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry"for the account titles and enter for the amounts. Round all amounts to the nearest dollar.) Sr no. Date Account Titles and Explanation Debit Credit 1. Dec. 31 2 Dec. 31 (Record entry for depreciation expenses.) 2 . Dec. 31 (Cash paid for interest expense.) 3. Dec. 31 4 Dec. 31 5. Dec. 31