On 6/1/21, the company, XYZ, borrowed 100,000 from a kbank @ 6% interest for a 9 month note (interest is stated as annual percentage rate unless otherwise noted) 1.)If no adjusting entries were recorded by XYZ during the year the adjusting entry on 12/31/21 is: If the company fails to make an adjusting entry, the impact on the accounting equation is: 2.) Record the payment on 2/28/22 if XYZ makes reversing entries. 3.)Record the payment on 2/28/22 if XYZ doesn't make reversing entries. 4.)If no adjusting entries were recorded by KBank during the year the adjusting entry on 12/31/21 is: If the company fails to make an adjusting entry, the impact on the accounting equation is: 5.) Record the receipt on 2/28/22 if Kbank makes reversing entries. 6.) Record thereceipt on 2/28/22 if Kbank doesn't make reversing entries. 1 2 3 4 5 6 Assets Liabilities Equity Retained earnings Understated Overstated No Effect Understated Overstated No Effect Understated Overstated No Effect Understated Overstated No Effect Understated Overstated No Effect Understated Overstated No Effect Understated Overstated No Effect Understated Overstated No Effect Revenue COGS Expenses Net Income